insurance - FinTecBuzz

Insurance leader Lemonade To Acquire Metromile

November 9, 20215 min

Lemonade (NYSE: LMND) the insurance company powered by AI and social good, and Metromile (NASDAQ: MILE, MILEW), the data science company focused on auto insurance, have entered into a definitive agreement pursuant to which Lemonade will acquire Metromile in an all-stock transaction that implies a fully diluted equity value of approximately $500 million, or just over $200 million net of cash. Under the terms of the transaction, Metromile shareholders will receive Lemonade common shares at a...

by BusinessWire

Insurance

AM Best Affirms Credit Ratings of Fubon Insurance Co., Ltd.

November 8, 20216 min

AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a+” (Excellent) of Fubon Insurance Co., Ltd. (Fubon Insurance) (Taiwan). The outlook of these Credit Ratings (ratings) is stable. The ratings reflect Fubon Insurance’s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, favourable business profile and appropriate enterprise risk management. Fubon Insurance’s risk-adjusted capitalisation remained at the strongest level...

by PRNewswire

Insurance

Anthem Launches on the OneRecord Insurance Module

November 3, 20215 min

OneRecord further scales the reach of its Insurance Module by adding Anthem to their list of Connected Payers. Now anyone in the United States with any Anthem plan can get their clinical, financial, and formulary data in their OneRecord. OneRecord, a digital health company, has emerged as the leader in empowering consumers with access to healthcare data from their past and present health plans. Since July 1st, 2021, when the 21st Century Cures Act Interoperability and Patient Access...

by BusinessWire

Insurance

UNest & Avibra to Offer Wellness & Insurance Benefits to Parents

November 1, 20214 min

-- First-of-its-kind program will provide families with a compelling suite of integrated resources to support their financial and emotional health --

by PRNewswire

Insurance

Pie Insurance Appoints HR Leader Kristina Johnson to BOD

October 28, 20214 min

Pie Insurance (“Pie”), a leading tech-enabled provider of workers’ compensation insurance to small businesses, announced today that Kristina Johnson, an accomplished global human resources (HR) leader and advisor, has joined Pie’s Board of Directors to support the company’s continued expansion. In the past year, Pie has increased its headcount nearly 80%, currently employing more than 300 team members, and expects 2022 to be another period of growth. Ms. Johnson brings a wealth of global leadership experience...

by PRNewswire

Insurance

Getsafe receives European Insurance License

October 25, 20215 min

The digital insurer Getsafe received its insurance license from Germany’s financial regulator, BaFin. The license will allow Getsafe to accelerate its expansion to the rest of Europe. “The license is a significant milestone – especially when considering that the German regulator has set out stricter rules for new registrations following the Wirecard scandal”, Christian Wiens, CEO and founder of Getsafe, states. The company that started in 2017 as an MGA has high ambitions of becoming Europe’s leading digital insurer, and has...

by BusinessWire

Insurance

Alex Littlejohn Named a Business Insurance 2021 Woman to Watch

October 21, 20213 min

Alliant Specialty executive recognized for significant achievements in insurance brokerage

by PRNewswire

Insurance

Hilb Group Acquires Gerardi Insurance Services, Inc.,

October 20, 20213 min

The Hilb Group announced today that it has acquired Connecticut-based Gerardi Insurance Services, Inc., increasing its New England footprint. The transaction became effective October 1, 2021. Based in Putnam, Connecticut, Gerardi Insurance is dedicated to offering a full suite of Property & Casualty and Employee Benefits products and services for clients throughout the region. Agency Principals Matthew Desaulnier and Edward Desaulnier and their team of insurance professionals will be joining Hilb Group’s New England regional operations. “We take great pride in the trusted relationships...

by BusinessWire

Insurance

Aspen announces Christopher Coleman as new Group CFO

October 18, 20215 min

Aspen Insurance Holdings Limited (“Aspen”) today announces that the Group CFO, Kevin Chidwick, has decided to retire and will be leaving Aspen at the end of the year. Kevin will be succeeded by Christopher (Chris) Coleman, who will be taking on the role of Group CFO on October 19th. Chris will be based in Bermuda and will join the Executive Committee. Chris is a highly regarded finance leader within the insurance market and was most...

by BusinessWire

Insurance

AM Best Assigns Credit Ratings to AXA Insurance (Gulf) B.S.C.(c)

October 18, 20216 min

AM Best has assigned a Financial Strength Rating of A (Excellent) and a Long-Term Issuer Credit Rating of “a” (Excellent) to AXA Insurance (Gulf) B.S.C.(c) (AXA Gulf) (Bahrain). The outlook assigned to these Credit Ratings (ratings) is stable. The ratings reflect AXA Gulf’s balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, neutral business profile and appropriate enterprise risk management (ERM). On 7 September 2021, AXA Gulf announced...

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