Natural catastrophe monitoring satellite operations specialist ICEYE has closed a $65mn extension to its April growth funding round of $93mn.

Arthur J Gallagher has announced an underwritten public offering of $8.5bn of its common stock to fund a portion of its $13.45bn acquisition of AssuredPartners, with the underwriters granted an option to buy an additional $1.28bn of shares.

Atlanta-based insurtech Sola has completed a seed funding round led by FINTOP Capital, bringing its total funding to $3.7mn.

Austin, Texas-based anti-ransomware company Halcyon has secured $100mn in a Series C funding round led by Evolution Equity Partners, pushing its total funding to $190mn and valuing the company at $1bn.

Oak Group has secured backing from Bain Capital and will commence underwriting this week with a planned expansion into Bermuda and the US on the horizon in addition to its start-up Lloyd’s syndicate, The Insurer understands.

Sedgwick has closed a $1bn private equity investment from Altas Partners, which the claims management provider said brings its total enterprise value to $13.2bn.

Although the $3.2bn in insurtech venture capital (VC) funding raised in the first three quarters of 2024 is down 7 percent on the prior-year period, positive trends suggest that there will be a pick up in activity during the fourth quarter, according to Mapfre.

Carlyle-backed US broker The Hilb Group has secured a ~$2bn round of financing to refinance its existing debt and upsize its revolving credit and delayed draw term facilities.

Wildfire MGA Delos Insurance Solutions has confirmed the closure of its $9mn Series A funding round led by HSBC Asset Management, which took place earlier this month.

SME-focused E&S insurtech Joyn is working on securing additional funding for a January re-launch, after pausing writing business following the discontinuation of its capacity relationship with SiriusPoint in September,

Tidal Cyber has secured investments from USAA and Capital One Ventures which the security company said will be used to fund enhancements to its Enterprise Edition platform along with fuelling the adoption of threat-informed defence.

Branch has raised $51mn in a Series D funding round led by existing investors American Family Ventures and HSCM Ventures, as the personal lines insurtech targets profitability in 2025 and expansion into life insurance,

London-based digital MGA Aurora has secured seed funding from QBE Ventures, the investment arm of QBE Insurance Group.

Agentech, an AI-driven solution for insurance claims, has completed a $3mn seed round in 30 days.

Wildfire MGA Delos Insurance Solutions has secured $9mn of Series A funding in a round led by HSBC Ventures, a raise that comes as the insurtech expects to hit $80mn in premium for 2024,