Zhong An News

China’s Zhong An to Sell 5-10% Stake to Raise Funds Before Planned IPO

Zhong An Online Property & Casualty Insurance plans to sell 5-10 percent of the company to a couple of strategic investors, to raise up to 10 billion yuan ($1.45 billion), ahead of a planned initial public offering in mainland China, …

10 Takeaways from the Future of Insurance and InsureTech Connect Conference

You’ve probably heard. There is tremendous investor interest right now in technology-first insurance startups, or insurtech firms. The first InsureTech Connect Conference in Las Vegas in early October attracted an estimated 1,500 tech entrepreneurs, investors and insurance executives from around …

The Zebra Is Latest Insurance ‘Disrupter’ to Attract Funding

The Zebra, an online auto insurance comparison company, said it has closed $17 million in Series A funding with investment from Mark Cuban, Mike Maples Jr. (of Twitter and Lyft), Simon Nixon (of Moneysupermarket), Silverton Partners, and new investors Daher …

Alibaba-Backed Insurer Raises $934M From Investors Including Morgan Stanley

Zhong An Online Property & Casualty Insurance Co., a Chinese online insurer part owned by Alibaba Group Holding Ltd., said it raised 5.8 billion yuan ($934 million) from investors including Morgan Stanley. The Shanghai-based company now has a market value …