Welcome to The Digital Insurer Newswire, a daily updated selection of curated InsurTech and digital insurance news from around the web.
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Today’s top selected digital insurance content
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| | HealthCare.com announced the closing of $130 million in Senior Non-Convertible Preferred and over $50 million of Series C Preferred equity in an “oversubscribed” round led by funds managed by Oaktree Capital Management, L.P. Existing investors Axis Capital, Second Alpha and Link Ventures participated
in the financing.
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Swiss Re has announced plans to sell its life insurance subsidiary Elips Life AG (elipsLife) to Swiss Life International for an undisclosed sum. Concurrently, the reinsurance giant has agreed to form a long-term reinsurance partnership for elipsLife’s in-force and new business.
LIFE INSURANCE INTERNATIONAL
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| | Indonesia-based insurtech startup Fuse announced today it has secured $25 million of Series B extension round as it plans to enter more countries, including Thailand and Vietnam in Southeast Asia. The startup has closed three funding rounds of Series B within the past six months, bringing the company’s total
raised to more than $70 million.
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| | Stere, a digital ecosystem designed to tackle speed-to-market, capacity sourcing, and other challenges faced by managing general agents (MGAs) and insurance companies in the capacity conversation, today announced that it has closed its seed funding round. The $2 million round is led by Fin VC (“Fin”), with
key participation from Plug and Play Ventures.
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| | Specialist Risk Group (SRG) announced the launch of MX Underwriting. Led by Lee Anderson, SRG deputy CEO, and James Gerry, MX chairman, MX aim to be a £100 million gross written premium business.
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