Homeowners' insurance
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Homes and vehicles were damaged as flash floods washed across Utah in a weekend deluge. -
Funds from former number one golfer McIlroy and eBay founder Pierre Omidyar close the round at $69mn.
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Hippo has announced a raft of new leadership appointments in a buildout of its top team.
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CPI surged to 4.2% in April, levels not seen since before the Global Financial Crisis.
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SageSure will place the cover on behalf of SureChoice Underwriters Reciprocal Exchange.
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The raise takes the company’s total funding to over $116mn.
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High net worth insurer Vault has hired Robert Ross, a career insurance technology executive, as chief information officer.
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The new reinsurance backing is provided by Arch’s Bermudian arm and Lloyd’s syndicate 1955.
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Risk retained through Spinnaker primarily to align interest with reinsurers.
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Force majeure declarations have been made in 18 energy plants across the region, with 19 other facilities temporarily shuttered.
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The InsurTech could be merged into Reinvent Technology Partners, as Metromile prepares to go public in a similar transaction, Bloomberg reports.
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Defence costs are expected to remain elevated, as weather losses have also weighed on results.
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