January 22, 2025
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Valor Equity led the raise, which included Lightspeed and General Catalyst. -
Newfront’s business units will be combined with Risk & Broking and Health, Wealth & Career.
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Sources said that the New York-based InsurTech retained Evercore to advise on the process.
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InsurTech funding was down 7.3% from $1.09bn in the prior quarter.
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The Insurance Insider US news team runs you through the earnings results for the day.
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The carrier is consolidating its venture capital activity into asset manager MEAG.
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The insurer has been under review with positive implications since March.
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Full-stack carriers fail to outclass incumbents with no clear platform differentiation.
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The lawsuit is the latest development in the multi-billion dollar reinsurance scandal.
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The company plans to launch in New York and New Jersey next year.
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The tech could quickly open the door to disruptors, and firms with poor data management will lose out.
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More investment in early stage firms is an indicator of bullish market, says Gallagher’s Johnston.
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