TDI Daily Newswire - 21st July 2020

Published: Tue, 07/21/20

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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Sibros raises $12 million

Connected vehicle platform company Sibros has closed $12 million in Series A funding led by Nexus Venture Partners with participation from Moneta Ventures and Twin Ventures.

COVERAGER

Amynta Group takes over Aspen Insurance’s surety operations

American property & casualty insurer Amynta Group has acquired the surety operations of Aspen Insurance, the insurance segment of Aspen Insurance Holdings.

LIFE INSURANCE INTERNATIONAL

Majesco to be Acquired by Thoma Bravo

Majesco, a global provider of cloud insurance software solutions for the insurance industry, announced that it has signed a definitive agreement to be acquired by Thoma Bravo, L.P., a private equity firm focused on the software and technology-enabled services sectors, in a transaction valuing the company at $594 million.

IIR

Insurtech start-up Coverly closes for new business

Insurtech start-up Coverly has confirmed it is closing down and is no longer offering small business insurance. The digital pay-as-you-go start-up focused on on-demand commercial insurance for SMEs.

INSURANCE AGE

Swyfft collaborates with the innovative technology of Bees360

Swyfft, the InsurTech providing fast and friendly homeowners insurance through their patented analytical methods and unique data sources, is pleased to announce it has leveraged Bees360’s claims assist solution for handling wind & hail claims.

INSURANCE CANADA

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