Ledger Investing raises $75mn in Series B Funding to democratize Insurance Risk Capital
InsurTech start-up, Ledger Investing has announced that it has raised $75 million in Series B funding led by WestCap, with participation from Teachers’ Venture Growth and Intact Ventures, and previous investors: SignalFire, MassMutual Ventures, Allegis Capital, and Accel.
Sompo Hong Kong enhances underwriting team, Ophelia named Head of Property & Construction
Sompo Hong Kong, part of Sompo International Holdings Ltd., has appointed Szeto Ophelia as Head of Property & Construction and Jessica Lai as Head of Mid-Corp & SME, enhancing its underwriting structure, effective January 1st, 2026.
Fed: Auto sales follow sluggish trend
Automotive retail sales continued to slow in March due to high interest rates and vehicle prices paired with affordability concerns. …
PenFed’s refinance applications up 75%
NASHVILLE, Tenn. — PenFed Credit Union’s volume of auto refinance applications is growing as consumers look for ways to mitigate…
FTC collaborates with AGs in Illinois & Maryland on dealer allegations & $20M settlement
The Federal Trade Commission didn’t sit idle this holiday season, especially when policing car dealerships. The regulator made separate announcements before and after Christmas involving two dealer groups that operate more than a dozen stores. The first action was connected … [Read More]
Super Typhoon Ragasa insured losses may exceed tens of millions USD: Aon
In the last week of September, Southeast Asia and China were struck by Super Typhoon Ragasa, with economic losses expected to reach hundreds of millions of USD and insured losses potentially exceeding tens of millions, according to Aon’s Weekly Cat Report.
Lloyds insurer exiting some business lines
Excess and Surplus Lines, P/C Insurers, Property, Reinsurance United Kingdom Lloyd’s of London
MGA growth surge fuelled by plentiful reinsurance: Conning
A new report by investment management firm Conning shows that the managing general agent (MGA) market grew swiftly through 2021, fuelled by plentiful reinsurance capacity accessed through fronting insurers.
BBVA Asset Management pilots ‘tokenised’ fund
BBVA Asset Management is investigating the use of blockchain technology for a “tokenised” investment fund.
Swiss Re secures $1.15bn hybrid bank financing / ILS deal for group-wide losses
Reinsurance giant Swiss Re has partnered with J.P. Morgan and institutional investors to complete an innovative, first of its kind hybrid transaction which combines bank financing and insurance-linked securities (ILS), securing $1.15 billion in protection for severe underwriting-related losses.
Lockton launches NA Construction Casualty business, names Ross SVP
Independent insurance broker, Lockton, has announced the appointment of Oliver Ross as Senior Vice President within the Global Construction team, effective immediately.
CII welcomes three new Board members
The Chartered Insurance Institute, a professional body dedicated to building public trust in the insurance and financial planning profession, has announced the addition of three new members to its Group Board.