TDI Daily Newswire - 07th June 2021

Published: Mon, 06/07/21

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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Stone Point Capital & Insight Partners complete CoreLogic acquisition

Insurance and reinsurance focused private equity firm Stone Point Capital LLC and New York venture and private equity firm Insight Partners have completed their roughly $5.9 billion acquisition of CoreLogic, the property risk modelling, data and analytics company.

ARTEMIS

Canadian Fintech Company Ratehub Launches Insurance Brokerage

Canadian fintech company Ratehub Inc. has launched a property/casualty brokerage called RH Insurance. Ratehub, which operates the financial product comparison site Ratehub.ca, said the launch brings the company one step closer towards achieving its goal of being Canada’s go-to source for digital personal finance products.

INSURANCE JOURNAL

One Concern raises $45 million

Climate-risk assessment company One Concern announced that SOMPO Holdings has agreed to launch the next phase of their strategic partnership to jointly develop the global resilience market. SOMPO will invest an additional $45 million in One Concern, enabling One Concern to expand its core capabilities in AI-enabled resilience solutions and disaster-risk mitigation technologies.

COVERAGER

Hub acquires Canadian credit risk brokerage

Hub International Limited has announced the acquisition of Global Credit Risk Management Inc. (GCRM), a Canada-wide independent broker of accounts receivable and political risk insurance. GCRM provides accounts receivable insurance and advisory services to businesses of all sizes.

CANADIAN UNDERWRITER

Aggregator site adds insurtech to its offering

By partnering with an insurtech, aggregator Comparethemarket.com will expose a wider range of customers to personal insurance products that are not only more price competitive, but also tend to be more flexible, with customers having the option to cancel or pause their premium at any time.

ITIJ

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