Latest Venture Capital Headlines
All the headlines from our Venture Capital Topic Page, ordered by recency.
Insurtech Venture Capital Fund Seeks Digital MGA Startups for Lab
Jul 8 2022 // InsurTech Fund, a venture capital fund associated with InsurTech NY, has announced that it will be accepting applications for its first Digital MGA Lab, a three-month program focused on managing general agents. The program...
Global Insurers Want to Increase Private Equity Investments, as Inflation Hits Portfolios
Apr 5 2022 // Insurers want to put more money into private equity this year as they contend with rising inflation and its effects on monetary policy, a survey by Goldman Sachs Asset Management showed on Monday. More than 40% of insurers...
Canadian Pension Fund CDPQ to Buy Stake in Cyber-Security Firm ESentire: Sources
Feb 17 2022 // ESentire Inc., a cyber-security company backed by private equity firm Warburg Pincus, has struck a deal to sell a stake to two investment firms at a $1.2 billion valuation, according to people familiar with the...
Argo Group Completes Sale of Brazilian Business to Spice Private Equity
Feb 16 2022 // Argo Group International Holdings Ltd., the Bermuda-based underwriter of specialty insurance products, announced the completion of the sale of Argo Seguros Brasil S.A. to Spice Private Equity Ltd. “The closing of...
UK Fintech Vitesse Raises $26M With Participation From Hannover Digital Investments
Feb 14 2022 // Vitesse PSP, the London-based fintech that specializes in digital solutions for global payments and counts numerous insurers among its customers, announced it has raised $26 million in Series B funding. The Series B...
People Moves: BHSI Promotes McGriskin to Lead UK FI; Former Enstar Exec Rocke Heads RiverStone Int’l in Bermuda; Tysers Hires Aon’s Lucas for Political Violence & Terrorism Team
Feb 9 2022 // This edition of International People Moves details appointments at Berkshire Hathaway Specialty Insurance (BHSI), RiverStone International and broker Tysers. A summary of these new hires follows here. BHSI Promotes...
Insurance Agency M&As Jumped 30% in 2021: OPTIS
Feb 7 2022 // There were 1,034 announced insurance agency mergers and acquisitions in 2021, up 30% from 795 reported in 2020, according to agency consultancy OPTIS Partners. Also, the 384 deals during the fourth quarter of 2021 marked a...
Private Equity Firm Kelso Invests in ReSource Pro, Takes Majority Interest
Dec 21 2021 // Private equity firm Kelso & Co. has completed an investment in property/casualty insurance processing and services firm ReSource Pro, taking a majority interest in the company, the firms have reported. Terms of the...
KPMG Sued for $600M Over Role in Insolvency of Dubai Private Equity Firm Abraaj
Nov 12 2021 // KPMG LLP was sued for at least $600 million over its role in the insolvency of Dubai private-equity firm Abraaj Group, the latest in a string of complaints of sloppy auditing made against the Big Four firm. The claimants,...
UK MGA CFC Underwriting Receives Major Investment From 2 Private Equity Firms
Oct 21 2021 // CFC Underwriting, the London-based specialist managing general agent, announced a major investment jointly led by EQT and Vitruvian Partners, two of Europe’s leading private equity firms. The size of the investment...
Private Equity Firm KKR Names Bae, Nuttall to Succeed Founders as Co-CEOs
Oct 11 2021 // KKR & Co Inc said on Monday it has elevated its co-presidents Scott Nuttall and Joseph Bae to co-chief executive officers, succeeding the storied private equity firm’s billionaire co-founders Henry Kravis and...
Pandemic Uncertainty Hasn’t Slowed Private Equity Investments in Insurance: S&P Global
Aug 31 2021 // Private equity and venture capital firms have been pouring capital into insurance companies despite the uncertainties about claims and losses from the pandemic, according to a new analysis from S&P Global Market...
Chasing Yield, Private Equity Firms Nudge Up Risk on Insurers: Analysis
Jun 2 2021 // Private equity firms have spent nearly $40 billion buying U.S. insurance companies in recent years, promising to earn higher returns on the mountains of money that insurers set aside to pay policyholders years or decades...
Insurers Prefer Private Equity Investments over Hedge Funds: Survey
Apr 22 2021 // LONDON — Insurers want to put more money into private equity this year while scaling back on hedge funds, a survey by Goldman Sachs Asset Management showed on Wednesday. Private equity was the most-favored asset...
Goldman Survey: Insurers Favoring Private Equity Over Hedge Funds
Apr 22 2021 // Insurers want to put more money into private equity this year while scaling back on hedge funds, a survey by Goldman Sachs Asset Management showed on Wednesday. Private equity was the most-favored asset class for insurers...
Private Equity Firm Odyssey Partners With Management to Acquire SIAA
Mar 29 2021 // Private equity firm Odyssey Investment Partners has joined with management of SIAA (Strategic Insurance Agency Alliance), the nation’s largest alliance of independent insurance agencies, to acquire the company. New...
Private Equity Firm CVC Nears Deal to Buy Insurance Arm of National Bank of Greece
Mar 26 2021 // CVC Capital Partners is nearing a deal to acquire National Bank of Greece SA’s insurance business after a years-long search for a buyer, people familiar with the matter said. The private equity firm could announce an...
Update: Private Equity Firm BC Partners Agrees to Buy Insurance Service Company Davies
Mar 16 2021 // BC Partners agreed to take over insurance service company Davies, as it bets on fast-growing demand for outsourcing in the financial industry. The private equity firm signed a definitive agreement to buy a majority stake...
U.S. Fraud Crackdown Eroding Private Equity’s Liability Shield
Feb 23 2021 // Insiders said one company pushed unnecessary pain medication to the U.S. military; another promoted an unproven treatment for children with cancer; and a third used unlicensed counselors to treat poor people with mental...
Private Equity Firms StonePoint, Insight to Buy Data Provider Corelogic
Feb 5 2021 // Property data and analytics firm CoreLogic has agreed to be acquired by two private equity firms for about $6 billion. Funds managed by Stone Point Capital and Insight Partners are set to snatch up all outstanding shares...
