Fundraising

BrokerTech Ventures launches $34mn fund for broker-centric tech solutions

Broker-led investor group and accelerator program BrokerTech Ventures has partnered with insurtech VC investor ManchesterStory Group to launch a $34mn fund focusing on early-stage insurtechs developing broker-centric technology solutions.

Stonybrook: Investors hone in on early-stage insurtechs amid flight to quality

Insurtech funding is set to return to pre-2021 levels this year with capital still keen to engage with the sector, according to Stonybrook Capital.

Amwins funds dividend with additional $700mn debt raise

Wholesale giant Amwins has again raised funds in the debt market to finance a shareholder dividend as it also emerged that the firm recorded 19 percent revenue growth in the first nine months of 2022 to $1.6bn.

Gallagher Re’s Johnston: Mid-stage insurtech funding likely to remain “stressed” in ’23

Early-stage insurtech investment will be strong in 2023 and clear winners will attract capital in late-stage rounds, according to Gallagher Re’s global head of insurtech Andrew Johnston, but funding for middle stages could well continue to be stressed.

Stubben Edge achieves £175mn valuation following £5.6mn raise

Stubben Edge has raised a further £5.6mn ($6.85mn) in an oversubscribed funding round, with cornerstone investors including several Lloyd’s Names.

Gallagher Re: Insurtech funding halved in 2022 YoY as “inflection point” reached

Last year saw the first annual decline in insurtech funding since 2016, including a 57 percent drop in the fourth quarter, according to the new Global Insurtech Report from Gallagher Re, with the reinsurance broker suggesting “the narrative around ‘disruption’ seems to be truly over”.