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The new reinsurance backing is provided by Arch’s Bermudian arm and Lloyd’s syndicate 1955. -
CareerBuilder CEO Irina Novoselsky and former Groupon executive Silvija Martincevic have joined as non-executive directors.
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Confie specializes in serving the Hispanic community, and places about $1.17bn in premium each year.
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Criminals were able to access driver's license numbers through the carriers online quoting portal.
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The InsurTech will allow customers to bundle the cover with their home, pet and life insurance policies.
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One carrier is dealing with 120,000 claims, while another is handling 50,000 losses RPS said.
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The ratings agency finds that auto carriers accounted for five out of seven cases in which companies were liquidated.
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Taking Metromile public cost the firm an estimated 22% of gross proceeds, followed by Hippo at 11%.
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The start-up said it would use the additional funding to double headcount by 2021.
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The deal is part of a larger trend of rising M&A activity among carriers.
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The trade body has asked a court to invalidate the state insurance regulator’s recent emergency order.
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Unicorn-valued property software company Porch has closed its $100mn acquisition of Homeowners of America (HOA), a Texan personal lines insurer, from investors including IA Capital.
