Germany’s Munich Re has signed a definitive agreement to acquire digital insurance company Next Insurance for $ 2.6 billion, the firms announced on Thursday. Founded in 2016, Palo Alto-based Next Insurance is focused on providing insurance to small-to-medium-sized businesses. It was last valued at $ 2.5 billion in late 2023 when it raised $ 265 […]
European cyber insurance startup Stoïk secures $27 million
Cyber risk has become an increasingly important issue for small companies around the world. While many companies try to avoid and mitigate cyber risks, they rarely discuss transferring those risks to a third party. That’s why Stoïk is stepping in with a cyber insurance product specifically designed for small and medium-sized businesses. The French startup […]
European unicorn Alan becomes Canada’s first new health insurance company in almost 70 years
In 2016, when Alan originally launched its health insurance product in France, it was the first new health insurance company in the country in 30 years. Now, as Alan announces its expansion to Canada, the startup is about to break a new record: There hasn’t been a new health insurance company in Canada since 1957. […]
Health insurance startup Alan reaches $4.5B valuation with new $193M funding round
Alan, the French insurance unicorn, just signed a multi-faceted deal with Belfius, one the largest banks in Belgium, that includes a distribution partnership along with a significant financial investment in the startup. Belfius is leading Alan’s Series F funding round of €173 million (around $ 193 million at current exchange rates). Some of Alan’s existing […]
Jets' defensive coordinator likes insurance policies behind starting slot CB
New York Jets’ starting slot cornerback Michael Carter II missed significant time during training camp due to an ankle injury and he exited the season opener for the same reason. The good news is that Carter does not carry an injury tag heading into the Week 2 road battle against the Tennessee Titans. After back-to-back […]