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UK insurtech Marshmallow raised £68 mn, bringing valuation to £1.5 bn

1 week ago | beinsure.com | Peter Sonner

UK-based insurtech Marshmallow has raised £68 mn through a mix of debt and equity financing, bringing its valuation to £1.5 bn. Portage Capital Solutions participated in the round, along with funds managed by BlackRock and CLP. Marshmallow initially launched to serve migrants moving to the UK, offering car insurance to individuals often excluded by traditional insurers.
Crypto life insurtech Meanwhile raised $40 mn in a Series A, valued at $190 mn

1 week ago | beinsure.com | Peter Sonner

Meanwhile, a life insurance crypto startup that operates exclusively in Bitcoin, raised $40mn in a Series A funding round. The company is now valued at $190mn. Fulgur Ventures and Framework Ventures co-led the round, with participation from Xapo founder Wences Casares. Founded in 2022 by Zac Townsend and Max Gasner, Meanwhile is based in Bermuda and offers life insurance and annuity products denominated in Bitcoin.
Luma Financial Technologies sequred $63 mn in Series C

1 week ago | beinsure.com | Peter Sonner

Luma Financial Technologies, a global insurtech company in structured products and insurance solutions, has raised $63mn in Series C funding led by Sixth Street Growth, the growth investing business of leading global investment firm Sixth Street. Existing strategic investors including Bank of America, Morgan Stanley, UBS, and TD Bank Group participated in the round. Launched in 2018, Luma provides a buy-side platform for structured products and insurance solutions.
Chapter raised $75 mn in Series D to expand Medicare & retirement services

1 week ago | beinsure.com | Peter Sonner

Chapter, a Medicare guidance insurtech platform headquartered in New York, secured $75mn in Series D funding led by Stripes. The latest funding infusion marks a substantial milestone for Chapter Medicare, bringing its total fundraising to approximately $185 mn. Existing investors — XYZ Venture Capital, Susa Ventures, Addition, Narya Capital, and Maverick Ventures — also participated.
UK-based insurtech Ripe completes acquisition of GJW Direct from Munich Re

1 week ago | beinsure.com | Peter Sonner

UK-based insurtech Ripe has completed the acquisition of marine insurance provider GJW Direct from Munich Re Specialty. The financial terms of the agreement, originally announced in October 2024, have not been disclosed. Founded in 1826, GJW Direct offers non-commercial boat insurance across various types of vessels. Its products are now integrated into Ripe’s proprietary technology platform, Juice. The acquisition expands Ripe’s presence in the marine insurance sector.
Insurtech XChange TEC INC acquired a Hong Kong-based insurance broker

1 week ago | beinsure.com | Peter Sonner

Chinese insurtech XChange TEC INC has acquired a Hong Kong-based insurance broker, establishing a base to expand its services across China and international markets. The company said the acquisition supports its strategy for regional expansion in the Asia-Pacific. It did not disclose the name of the acquired firm. Attempts to contact the broker were unsuccessful.
wefox finalised a funding agreement up to €170mn, led by Searchlight Capital

1 week ago | beinsure.com | Peter Sonner

European insurtech wefox is close to finalising a funding agreement valued at up to €170mn, led by private equity firm Searchlight Capital Partners. The deal will include the refinancing of existing bank debt and an equity injection estimated between €80mn and €100mn. Founded in 2015, wefox focuses on digital insurance distribution across Europe. The company has faced significant financial pressure over the past 18 months, including risks of liquidation.
Senator Miller introduces Minnesota Bitcoin Act to advance state crypto adoption

1 week ago | beinsure.com | Peter Sonner

Senator Jeremy Miller (R-Winona) introduced the Minnesota Bitcoin Act (SF2661) on March 18, aiming to expand the state’s financial tools by incorporating cryptocurrency into state investment strategies, public retirement plans, and tax payment systems. The proposed legislation would allow the Minnesota State Board of Investment (SBI) to include Bitcoin and other digital assets in its portfolio, alongside existing investments such as stocks and bonds.
U.S. Insurers Remain Stable Amid Market Volatility and Tariff Risks

1 week ago | beinsure.com | Tom Jacobs

S&P Global Ratings reports that U.S. insurers have sufficient capital and liquidity to absorb current market volatility, including disruptions linked to recent tariff measures, without any immediate effect on credit ratings or sector outlooks. The announcement of wide-ranging tariffs by the US administration, followed by a temporary pause on April 9, triggered notable reactions across global financial markets.
Pool Re secures £100 mn in third catastrophe bond to expand private terrorism risk cover

2 weeks ago | beinsure.com | Yana Keller

Pool Re, the UK terrorism reinsurance provider, completed its third catastrophe bond placement—Baltic PCC Limited (Series 2025-1). The bond offers £100 mn in collateralised retrocession protection and replaces the maturing Baltic PCC Limited (Series 2022-1). The 2025-1 Notes are priced at 5.90%. Compared to prior issuances, this transaction saw a larger and more diverse group of institutional investors.