TDI Daily Newswire - 16th July 2021

Published: Fri, 07/16/21

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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Socotra and Hexaware Technologies Form Global Partnership

Hexaware Technologies, a global IT consulting and digital solutions provider, announced it has become a strategic partner and system integrator for Socotra, provider of a cloud-native core platform for insurers. As a Socotra Silver level partner, Hexaware will support new and existing Socotra customers around the world.

IIR

CAPE Analytics raises $44 million

CAPE Analytics, the leading provider of geospatial intelligence for property risk and valuation, announced $44 million in Series C financing, led by Pivot Investment Partners. Additional investors, Aquiline Technology Growth and HSCM Bermuda also joined the Series C round, with across-the-board participation from existing investors.

COVERAGER

Fidelis Insurance secures funding from Travelers

Bermuda-based re/insurance firm Fidelis Insurance has secured a strategic minority investment from The Travelers Companies (Travelers). The quantum of the investment has not been disclosed.

LIFE INSURANCE INTERNATIONAL

AIG gets significant new capital

Blackstone has signed an agreement with global firm AIG, which benefits to the tune of $2.4 billion, a new investment partnership and securing a partnership that could deepen with a leading investment group.

ARTEMIS

Marsh opens engineering hub in Saudi Arabia

Marsh has launched its newest engineering hub in Saudi Arabia. The engineering hubs provide risk and product liability surveys. Marsh is investing significantly in expanding its specialist capabilities and geographical reach across the MEA region to support energy and power clients.

INSURANCE BUSINESS

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