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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| | NextCar Holding Company Inc. (NXCR), a fintech and insurtech vehicle subscription platform, announced on Tuesday it has signed a letter of intent to form a partnership and receive a $400 million debt facility from Westlake Financial.
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Verex Group, the market provider in dedicated connected services to vehicle manufacturers, their customers and their brand network is extending it’s portfolio by offering a new and exciting range of connected insurance solutions and accident management services.
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| | Dale Underwriting Partners and DUAL announced a new joint venture, Dale DUAL MGU Limited (DDML), in collaboration with Aviva with immediate effect. This partnership has been brought together by Howden Reinsurance Broking led by Head of Global Specialty Reinsurance.
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| | SUNZ Holdings, a workers compensation and services company, has announced that funds managed by Blackstone Tactical Opportunities have acquired a significant stake in the company to help fuel SUNZ’s continued expansion. The companies declined to disclose the terms of the
transaction.
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| | Loginno, an IoT visionary company from Israel, has developed technology to provide real-time visibility into entire shipping container fleets; turning big metal boxes into permanent data miners. The partnership will enable cargo shippers worldwide to have both the needed insurance cover and full
visibility of the ocean container during its entire door to door voyage.
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