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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| | Agentero, a digital insurance network with participation of over 800 independent agencies, has announced that it has raised $13.5 million in a Series A investment funding led by Alma Mundi Ventures. Existing institutional investors including Foundation Capital, Union Square Ventures, Financial Venture
Studio, and Two Culture Capital also participated in the round.
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Cyber insurance company At-Bay has raised $180m in series D funding round co-led by Icon Ventures and Lightspeed Venture Partners. The latest funding round valued the company at $1.35bn. It was joined by existing investors including Khosla Ventures, M12, Acrew Capital, Qumra Capital, the HSB fund of Munich Re Ventures.
LIFE INSURANCE INTERNATIONAL
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| | FRISS, the most widely adopted provider of AI-powered end-to-end fraud prevention and detection solutions for P&C insurers worldwide, today announced it closed a $65 million Series B funding round led by Accel-KKR, advised by FT Partners and endorsed by existing investor Aquiline.
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| | The Hilb Group has acquired Massachusetts-based MillBrook Benefits and Insurance Services LLC, strengthening its presence throughout New England. MillBrook specializes in customized benefits solutions for businesses and their employees.
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| | Allianz Global Investors (AllianzGI), through its subsidiary Allianz Global Investors Asia Pacific, has agreed to acquire PT RHB Asset Management Indonesia (RHBAMI) from RHB Banking Group.
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