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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| | Specialty insurance and reinsurance company Convex has secured $500m in committed preferred equity capital from affiliates of investment firm Sixth Street. The investment comes on the heels of Convex’s recent $1bn fundraise from a consortium led by Onex and GIC.
LIFE INSURANCE INTERNATIONAL
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HX, the data and analytics division of Howden Group, has announced a partnership with expert.ai to augment its data analytics services. Expert.ai’s underwriting is aligned with HX’s aim to help insurers, re-insurers, corporates and brokers maximise their resources through its data insights.
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| | Chicago-based employee benefits software WatchTower announced it is now called ThreeFlow . The company also announced that they have raised $8 million in a Series A round led by Emergence Capital, with participation from Equal Ventures and First Trust Capital Partners.
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| | Pacific Life has selected Life.io, a subsidiary of SE2, to deliver an end-to-end customer origination, engagement and service experience. Pacific Life selected Life.io because of the strength of its digital solution suite and its ability to integrate with multiple existing third-party
systems.
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| | American Family Insurance is acquiring insurtech company Bold Penguin that serves small businesses. The Bold Penguin digital exchange is used by insurance agents, brokers and other distributors to match, quote and bind policies from a range of insurers.
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