Editor at Coverager
The proposed transactions value Grab at an initial pro-forma equity value of approximately $39.6 billion.
USAA introduces Guaranteed Issue Whole Life Insurance from Mutual of Omaha.
More recently, Toggle became a Metromile Enterprise client; using Metromile's first notice of loss and claims automation platform, and fraud detection products.
TrueLayer works with companies such as Revolut, Nutmeg, Trading 212, Stake and Payoneer.
Participants in this round include Starr and Liberty Mutual Insurance.
Transamerica Ventures consists of nearly twenty companies mainly active in the US.
New UK brands include Lloyds Bank, Love to Rent, Moovshack, OpenBrix, Utilita Energy, and Movinghub.
The round was led by IDEA Fund Partners.
Customers can now purchase up to $5 million in life insurance coverage online.
Cowbell Prime is a cyber insurance program targeted at businesses with up to $100 million in revenue.
The company raised ~$100 million.
Customers can now pick the exact term length they want, between five and 50 years.
Friday currently serves more than 70,000 members in Colorado, New Mexico, Nevada and Texas, with plans to expand its offerings into multiple new states each year.
Terms of the acquisition were not disclosed.
Northwest Insurance Services is a wholly-owned subsidiary of Northwest Bank, offering property and casualty, life, disability and long-term care insurance, as well as group health, life and disability employee benefits.