Rob Schimek News

Insurtech bolttech Buys Singapore-Based Specialist Broker AVA Insurance

bolttech has completed the acquisition of AVA Insurance Brokers and AVA Insurance Agency, a Singapore-based specialist broker and insurance intermediary. The acquisition follows bolttech’s completion of its US$247 million Series A funding round last year. The acquisition of AVA will …

Insurtech bolttech Extends Funding Round to $210M, Adding 2 New Investors

Insurtech startup bolttech announced the extension of its recently announced US$180 million Series A funding round led by Activant Capital Group, bringing the series total to US$210 million. The funding round adds two new strategic investors: Singapore-based global investor EDBI …

Insurtech Startup bolttech Raises $180 Million, Valuing Firm at More Than $1B

Insurance tech startup bolttech on Thursday said it raised $180 million in a funding round, led by private investment firm Activant Capital Group, that valued it at more than $1 billion. The New York and Singapore-based company’s online platform serves …

AIG Executives Hope Meetings Reassure Analysts, Investors

American International Group Inc. executives have been meeting with investors and analysts to build confidence in the insurer and its turnaround plan amid uncertainty over a replacement for outgoing Chief Executive Officer Peter Hancock. Chief Financial Officer Sid Sankaran, commercial …

AIG Commercial Lines CEO Schimek Eyes Acquisitions for Value-Added, Not Scale

American International Group Inc. would weigh acquisitions to bolster high-priority businesses, even as Chief Executive Officer Peter Hancock exits other units, the head of the company’s commercial insurance operation said. “We are very active in looking at any way to …

AIG Bets on Workplace Safety Wearables with Investment in Startup HCS

Giant insurer American International Group Inc. is betting on new technology, artificial intelligence and connectivity to give companies more control over workers in risky jobs and make workplaces safer and more efficient. AIG, which is one of the world’s largest …