TDI Daily Newswire - 03rd August 2021

Published: Tue, 08/03/21

Welcome to The Digital Insurer Newswire, a daily updated selection of curated InsurTech and digital insurance news from around the web.

Today's Newswire in full

Today’s top selected digital insurance content

NFP snaps up Aiken Insurances to bolster Europe presence

Insurance broker NFP has acquired Ireland-based Aiken Insurances (AIL), a retail and commercial property and casualty insurance broker, for an undisclosed sum. NFP expects the acquisition to augment its property and casualty capabilities in Europe and add new expertise in specialised insurance lines.

LIFE INSURANCE INTERNATIONAL

Fathom launches climate-conditioned flood cat model for the UK

UK-based flood risk modeller Fathom has launched its newly updated model designed to enable banks and re/insurers to quantify the current and future flood risk of their portfolios. This latest iteration brings the inclusion of coastal flooding with five discrete climate conditioned scenarios to the model.

REINSURANCE NEWS

Reliance Standard Implements Growth Platform with FAST

FAST announced today that Reliance Standard Life Insurance Company successfully converted its indexed annuity business onto FAST Insurance Components. The platform now provides policy administration capabilities for all of Reliance Standard’s annuity products.

IIR

Hudson Structured invests in flood focused MGA reThough

Hudson Structured Capital Management Ltd., the insurance-linked securities (ILS), reinsurance, insurtech and transportation focused investment manager, has made an investment in a specialist flood underwriting managing general agent called reThought Insurance.

ARTEMIS

Fintch unicorn Mercury valued at $1.6 billion

Mercury closed a $120 million funding round at a $1.6 billion valuation. The round was led by Coatue, with participation from Andreessen Horowitz, CRV, and Sapphire Ventures. Mercury uses Plaid Technologies to allow users to connect their other business bank accounts with Mercury.

COVERAGER

Today's Newswire in full

Have we missed some news? Please send us the link to our newsdesk and our team will review and publish if it is within our editorial guidelines.

Read more in-depth content from The Digital Insurer

If you would like to sign up a colleague to the daily Newswire then use the sign up link. Just share the email with your colleague and they can register.

View in Browser

Unsubscribe from Daily Newswire email service