TDI Daily Newswire - 03rd June 2021

Published: Thu, 06/03/21

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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Parhelion targets $500m capital raise

Parhelion, an energy and climate risk finance focused company, is targeting a capital raise of $500 million as it seeks to become a “sustainable insurer” focused on ESG aligned underwriting and investment. Launching its capital raise with initial backing from insurance and reinsurance broking group Howden.

ARTEMIS

Liberty Mutual to Offer Cybersecurity Assessment to Select Cyber Clients

Liberty Mutual Insurance has partnered with cyber security rating provider SecurityScorecard to offer complimentary cybersecurity analysis to qualifying clients of its Global Risk Solutions North America and Liberty Specialty Markets units.

INSURANCE JOURNAL

Green Feather closes $1.5 million seed round

Green Feather, an Atlanta-based healthcare fintech company, closed a seed capital raise of $1.5 million. The seed round was led by Lawrence P. Huang. This capital raise will enable investments in people and technology, leading to new customer acquisition and product innovation.

COVERAGER

CCC Information Changes Name to CCC Intelligent Solutions

CCC Information Services Inc., a provider of solutions for the insurance, automotive and collision repair industries, announced the update of its name to CCC Intelligent Solutions Inc. The company says the new name reflects its focus on applying AI, IoT, and advanced analytics to power mission-critical workflows, commerce, and connections across the multi-trillion-dollar insurance economy.

IIR

Intact, Tryg wrap up £7.2bn RSA Insurance acquisition

Intact Financial and Tryg have completed the acquisition of RSA Insurance for £7.2bn. Tryg paid £4.2bn towards the acquisition, while Intact paid the remaining £3bn. The separation is expected to be completed by the first quarter of 2022.

LIFE INSURANCE INTERNATIONAL

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