Posts filtered by tags: Munich Re[x]


 

Getsafe, the German insurtech, brings its contents insurance app to UK

Getsafe, the German insurtech that offers home contents insurance via an app, has launched in the U.K., despite an increasingly competitive market for insurance in the country, and the thorny regulatory issue of Brexit. This has seen Getsafe incorporate an independent British subsidiary based in London, in order to shield it ahead of future political decisions about the future trading relationship between the U.K. and the European Union. To launch its flagship home contents insurance in the U.K....
Tags: Startups, TC, Apps, Europe, UK, London, Tech, Axa, Carla, Munich Re, Hiscox, Wiens, CommerzVentures, Getsafe, Christian Wiens, Marius Blaesing


Vouch raises $45M led by YC Continuity for business insurance that targets startups

“Move fast and break things” is a term we usually associate with Facebook (at least, until 2014) and the general startup ethos of being disruptive. Now in true entrepreneurial fashion, the phrase is finding itself as the center of — what else — a startup idea, which today is announcing a sizeable Series B as it gains traction. Vouch, which offers business insurance specifically targeting startups, is today announcing a Series B of $45 million, led by Y Combinator’s Continuity Fund. The company w...
Tags: Startups, TC, Facebook, London, California, US, San Francisco, Tech, Silicon Valley, Michigan, Silicon Valley Bank, Munich Re, Hodges, Combinator, Sam Hodges, Anu Hariharan


Daily Crunch: Render wins the Startup Battlefield

The Daily Crunch is TechCrunch’s roundup of our biggest and most important stories. If you’d like to get this delivered to your inbox every day at around 9am Pacific, you can subscribe here. 1. And the winner of Startup Battlefield at Disrupt SF 2019 is… Render In the beginning, there were 20 startups. After three days of fierce competition, we now have a Battlefield champion. That winner is Render, which has created a managed cloud platform to serve as an alternative to traditional cloud pro...
Tags: Startups, Cloud, La, Germany, Los Angeles, San Francisco, Walmart, Dhs, Munich, Kate, Render, Alex, Munich Re, Startup Battlefield, Next Insurance, GCP


Next Insurance raises $250M from Munich Re, becomes a unicorn

Next Insurance, a three-year-old U.S.-based firm that sells insurance products to small businesses, has become the latest unicorn in the nation after bagging $250 million in a new financing round, the startup said today. Germany-based Munich Re, one of the world’s largest reinsurers, alone funded Next Insurance’s Series C round, the two said in a statement. The new financing round valued the three year-year-old startup, which has raised $381 million to date, at over $1 billion, the startup sa...
Tags: Apps, Finance, Germany, Funding, Tech, Munich, Munich Re, Next Insurance, Guy Goldstein, Steve O Hear, Joachim Wenning, Board of Management at Munich Re


Ardian in talks to sell stake in Indigo to Mirova and MEAG

Ardian has entered exclusive talks to sell its 50 percent stake in Indigo Group to Mirova and MEAG. No financial terms were disclosed. Crédit Agricole Assurances will retain its stake. Indigo is a car parking and individual mobility services company. PRESS RELEASE Paris, March 27, 2019 –  Ardian, a world-leading private investment house, today announces it has entered into exclusive negotiation with a view to sell its c.50% stake in Indigo Group, the world-leading car parking & individual mobili...
Tags: Asia, Europe, France, China, New York City, Americas, US, Trends, Tech, Munich, Santiago, Paris, Kpmg, Group, Seoul, Zurich


Climate change could make insurance too expensive for most people – report

Munich Re, world’s largest reinsurance firm, warns premium rises could become social issueInsurers have warned that climate change could make cover for ordinary people unaffordable after the world’s largest reinsurance firm blamed global warming for $24bn (£18bn) of losses in the Californian wildfires.Ernst Rauch, Munich Re’s chief climatologist, told the Guardian that the costs could soon be widely felt, with premium rises already under discussion with clients holding asset concentrations in vu...
Tags: Business, Climate Change, Environment, World news, Wildfires, Natural disasters and extreme weather, Insurance industry, Guardian, Extreme Weather, Munich Re, Ernst Rauch Munich Re


Equidate, Re-Named Forge Global, Boosts Series B to $85M

Equidate, one of the trading platforms that help employees sell their shares in pre-IPO unicorn companies, rolled out a new name today and announced a $35 million expansion of its $50 million funding round publicized in July.Re-branded as Forge Global, the five-year-old company plans to continue broadening the services it developed as many venture capital-backed companies—“unicorns” already supposedly worth billions of dollars, at least on paper—delayed going public, even while some of their st...
Tags: Deals, Startups, Lyft, Uber, Spotify, Spacex, Pinterest, Entrepreneurship, Ipo, Funding, San Francisco, Trends, Tech, Snapchat, Vc, Dropbox


Forge Global expands Series B round

Forge Global Inc, formerly known as Equidate Inc, a marketplace for pre-IPO securities, has increased its Series B funding round to $85 million. Munich Re led the latest funding round. Source: Press Release
Tags: Trends, Munich Re, VC Deals, Equidate Inc, Forge Global Inc


Forget Global expands Series B round

Forge Global Inc, formerly known as Equidate Inc, a marketplace for pre-IPO securities, has increased its Series B funding round to $85 million. Munich Re led the latest funding round. Source: Press Release
Tags: Trends, Munich Re, VC Deals, Equidate Inc, Forge Global Inc


California wildfires: $12.4 billion in insured losses and growing

By Paul Rodgers San Jose Mercury News Wildfires that devastated California last year caused at least $12.4 billion in insured losses, the state’s insurance commissioner announced Monday. Of that total, $11.4 billion came from three fires — and represents a jump of 25 percent from the initial loss estimate last month. All three occurred in November: The Camp Fire, which destroyed most of the town of Paradise in Butte County, killing 89 people and leveling 18,804 buildings, and the Woolsey and Hil...
Tags: News, California, Washington, California News, Los Angeles, Sport, Soccer, CAL FIRE, Air Force, Redding, Gavin Newsom, Trump, Ventura, U S Forest Service, Glenn, Jay Inslee


Insurer: Calif. fire was costliest natural disaster in 2018

BERLIN (AP) — German insurance company Munich Re says the Northern California wildfire that killed dozens of people and burned down the town of Paradise was the world’s costliest single natural disaster in 2018. The reinsurance giant said on Tuesday that the November fire caused overall losses of $16.5 billion. The company said some $12.5 […]
Tags: Business, News, Berlin, Ap, Nation, Northern California, Calif, Munich Re


Global natural disasters wreak $160 bn damage in 2018: Munich Re

Natural disasters including wildfires, hurricanes and tsunamis inflicted $160 billion of damage and claimed 10,400 lives in 2018, German reinsurer Munich Re said Tuesday. The financial toll was far below the $350 billion recorded the previous year in a record hurricane season, the firm said in its annual reckoning, but above the 30-year average of $140 billion. As with the previous year the United States suffered the heaviest losses from disasters globally, with its second record wildfire seas...
Tags: Science, United States, Munich Re


RideCell expands funding round to $60 million

RideCell, a transportation software startup, has doubled its previously announced Series B funding round to $60 million, a sign that investors believe demand for cloud-based mobility platforms will grow as more companies try to scale up car-sharing, ride-hailing and even, robotaxi businesses. The company, which has developed a platform designed to help car-sharing, ride-sharing, and autonomous technology companies manage their vehicles, announced it raised $28 million in May. Activate Capital le...
Tags: Transportation, Tech, Automotive, BNP Paribas, Toyota, Khosla Ventures, Ford Fusion, Munich Re, Mitsui, Ergo, California Department of Motor Vehicles, DENSO, RideCell, Auro, Raj Atluru, Aarjav Trivedi


Fraugster procures $14 mln Series B

Berlin-based Fraugster, a software company that uses artificial intelligence to prevent fraud for online retailers, has secured $14 million in Series B funding. CommerzVentures led the round with participation from Earlybird, Speedinvest, Seedcamp, Rancilio Cube and Munich Re/HSB Ventures. PRESS RELEASE Berlin, November 7th, 2018 – Fraugster, the software company that uses artificial intelligence to prevent fraud for online retailers, has raised $14m in a Series B funding round led by CommerzVen...
Tags: Europe, Berlin, Trends, Munich, Ingenico, Cto, Munich Re, Commerzbank, US Asia, VC Deals, Fraugster, Chen Zamir, Max Laemmle, Rancilio Cube Munich Re HSB Ventures, Stefan Tirtey, CommerzVentures


Anti-fraud startup Fraugster score $14M Series B

Fraugster, the Berlin-based startup that uses artificial intelligence to prevent fraud for online retailers, has raised $14 million in a Series B funding. The round is led by CommerzVentures, the venture capital subsidiary of Commerzbank, alongside early Fraugster investors Earlybird, Speedinvest, Seedcamp, and Rancilio Cube. Notably, Munich Re/HSB Ventures, the VC arm of global reinsurer Munich Re, also participated in the round. That’s because Munich Re is insuring Fraugster’s “Fraud Free” ...
Tags: Fundings & Exits, Startups, TC, Asia, Europe, Berlin, Munich, Ingenico, Munich Re, Commerzbank, Fraugster, Rancilio Cube Notably Munich Re HSB Ventures, Max Laemmle


Anti-fraud startup Fraugster scores $14M Series B

Fraugster, the Berlin-based startup that uses artificial intelligence to prevent fraud for online retailers, has raised $14 million in a Series B funding. The round is led by CommerzVentures, the venture capital subsidiary of Commerzbank, alongside early Fraugster investors Earlybird, Speedinvest, Seedcamp and Rancilio Cube. Notably, Munich Re/HSB Ventures, the VC arm of global reinsurer Munich Re, also participated in the round. That’s because Munich Re is insuring Fraugster’s “Fraud Free” p...
Tags: Fundings & Exits, Startups, TC, Asia, Europe, Berlin, Tech, Munich, Ingenico, Munich Re, Commerzbank, Fraugster, Rancilio Cube Notably Munich Re HSB Ventures, Max Laemmle, B. Fraugster


Munich Re hit by major claims for natural catastrophes in third-quarter: source

Munich Re was hit by big losses due to hurricanes and other natural catastrophes in the third quarter, but they remained within the company's budget for such claims, a company source said on Thursday.
Tags: Money, Munich, businessNews, Munich Re


Boston Tech Watch: Nuance, Relayr, Markforged, Grapevine & More

Time to catch up on recent Boston-area tech headlines:—Relayr, a Boston-based company developing software and services for connected devices, is being acquired for $300 million by German insurance and reinsurance company Munich Re through its Hartford Steam Boiler subsidiary. Munich Re said Relayr will help it create new business models for the “industrial Internet of Things.”—Affectiva and Nuance Communications (NASDAQ: NUAN) are teaming up to enhance virtual assistants for vehicles and improv...
Tags: Startups, Apps, Internet Of Things, Boston, Connected Devices, Trends, Tech, Vc, Automotive, 3d Printing, Iot, Blockchain, Morningside Ventures, Affectiva, Virtual Assistant, Grapevine


Munich Re buys VC-backed Relayr

Munich Re has acquired Boston-based Relayr, a provider of industrial internet of things solutions, for $300 million. Relayr’s backers included Kleiner Perkins Caufield & Byers and Munich Venture Partners. PRESS RELEASE Munich, 04. September 2018 – Through its subsidiary Hartford Steam Boiler (HSB), Munich Re has acquired 100 percent of relayr, a leading provider of industrial internet of things (IIoT) solutions, at a valuation of US$300 million. The companies will actively shape opportunities in...
Tags: Boston, US, Trends, Munich, M&a, Kleiner Perkins Caufield Byers, Munich Re, Capex, HSB, Relayr, Torsten Jeworrek, Josef Brunner, Greg Barats, Munich Venture Partners PRESS RELEASE Munich, Hartford Steam Boiler HSB Munich Re


Munich Re buys IoT middleware startup, relayr, in deal worth $300M

Berlin based Internet of Things (IoT) startup relayr, whose middleware platform is geared towards helping industrial companies unlock data insights from their existing machinery and production line kit by linking Internet connected sensors and edge devices to platform controls, has been acquired by insurance group Munich Re in a deal which values the company at $300 million. relayr was founded back in 2013 with the initial aim of helping software developers hack around with hardware, at a time w...
Tags: Fundings & Exits, Startups, Internet Of Things, Europe, Hardware, Berlin, Insurance, Tech, Risk Management, Munich, Deutsche Telekom, Switzerland, Energy Efficiency, Iot, Acquisition, Kleiner Perkins


Munich Re talks with Guggenheim end without deal: Bloomberg

Talks between U.S. fund manager Guggenheim Partners and Munich Re (MUVGn.DE) have concluded without a deal, Bloomberg News reported on Friday. The negotiations focused on the sale of a stake in Guggenheim to the German reinsurer, Bloomberg reported, citing unnamed people briefed on the matter. Discussions also involved Guggenheim overseeing the management of some assets for Munich Re, Bloomberg said. Munich Re declined to comment. Guggenheim’s U.S. headquarters wasn’t immediately available for c...
Tags: Trends, Bloomberg, Munich, Guggenheim, Reuters, Bloomberg News, Munich Re, Guggenheim Partners, PE Deals, Munich Re Bloomberg


Agreed a home swap? Inlet Host Insurance

  Host Insurance Home Base Holidays is working together with Inlet, who have developed a top up insurance product to extend your home or buildings insurance when you are Home Swapping. Go to: https://www.in-let.co.uk/homebaseholidays Why do you need Host Insurance? Sharing your property with Home Swap guests is not covered by standard home insurance; this means that you’re not protected should there be any accidents or damage. This is where Home Swap Insurance comes in. Home Swap I...
Tags: Travel, Home, UK, Munich, Great Lakes, Munich Re, Inlet, Home Swap Insurance, Host insurance, Inlet host insurance, Host Insurance Home Base Holidays, Inlet Home Swap Insurance, Inlet Insurance, Inlet Home Swapping Insurance


Trov launches its on-demand personal property insurance services in the US

Trov, the on-demand personal property insurance service, is launching in the U.S., the company announced today. Trov’s first port of call in the U.S. will be Arizona. The service is already available in the U.K. and Australia, where customers have signed up to insure items 1 million times since the company first launched its business. A spokesperson for the company declined to comment on how many individuals have signed up for the service or how much they’ve spent on the policies. Munich Re is s...
Tags: Google, TC, Australia, Finance, US, Insurance, Tech, Arizona, Alphabet, Lemonade, Munich Re, Trov, Waymo, Trov Mobility, Lemonade and Hippo


Trov launches its on-demand personal property insurance services in the U.S.

Trov, the on-demand personal property insurance service, is launching in the U.S., the company announced today. Trov’s first port of call in the U.S. will be Arizona. The service is already available to customers in the UK and Australia who have signed up to insure items one million times since the company first launched its business. A spokesperson for the company declined to comment on how many individuals have signed up for the service or how much they’ve spent on the policies. Munich Re is s...
Tags: Google, TC, UK, Money, Electronics, Australia, Finance, Insurance, Tech, Spokesperson, Economy, United States, United Kingdom, Arizona, Alphabet, Consumer Electronics


Munich Re in talks to sell MEAG to Guggenheim, says source: Reuters

German reinsurer Munich Re (MUVGn.DE) is in talks to sell its asset management division to U.S. fund manager Guggenheim Partners, a person familiar with the matter said on Thursday. Talks are at an early stage, and there is currently no formal sale process, said the person, who spoke on condition of anonymity to describe the private discussions. Munich Ergo Asset Management GmbH (MEAG) has 250 billion euros ($289 billion) in assets under management. The Wall Street Journal first reported the tal...
Tags: Trends, Munich, Wall Street Journal, Guggenheim, Reuters, Munich Re, Guggenheim Partners, Meag, PE Deals, Munich Ergo Asset Management GmbH MEAG


Aiming to Digitize Term Life Insurance Industry, Bestow Raises $15M

Dallas—Melbourne O’Banion, co-founder and CEO of Bestow, sees opportunity in using analytics to bring the insurance industry into the 21st century. To that end, the Dallas-based startup announced today it’s raised $15 million in a Series A funding round led by Valar Ventures, with participation from existing investors New Enterprise Associates (NEA), Core Innovation Capital, 8VC, and Morpheus Ventures. This closing brings Bestow’s total financing to more than $18 million, the company said...
Tags: Startups, Utah, Texas, Big Data, Funding, Trends, Investment, Analytics, People, Software, Austin, Innovation, Venture Capital, Dallas, Fintech, New Enterprise Associates


Resolution, Swiss Re interested in acquiring German life run-off policies: Reuters

Britain’s Resolution Group, Swiss Re (SRENH.S) and private equity firm Cinven [CINV.UL] have expressed an interest in acquiring two large German life insurance portfolios owned by Ergo (MUVGn.DE) and Generali (GASI.MI), sources familiar with the matter said on Monday. Munich Re’s primary insurance affiliate Ergo and the German subsidiary of Italy’s Generali are considering the sale of their respective portfolios of 6 million and 4 million policies in run-off. A spokeswoman for Ergo said the comp...
Tags: UK, Germany, Trends, Britain, Italy, Reuters, Munich Re, Aegon, Generali, Ergo, PE Deals, Re, Cinven, Generali GASI, CINV UL, Hannover Re


Germany’s Munich Re to take $3.2B hit from hurricanes

BERLIN (AP) — German insurance company Munich Re says it expects to take a 2.7 billion-euro ($3.2 billion) hit from Hurricanes Harvey, Irma and Maria. The company, which as a reinsurer provides backup policies to companies that write primary insurance policies, said Thursday that costs from major disasters that also included earthquakes in Mexico will […]
Tags: Business, News, Mexico, Germany, Berlin, Ap, Munich Re, Nation & World, Harvey Irma


Hurricanes dent profits at insurance giant Munich Re

Munich Re, which insures other insurance firms, says there is "considerable uncertainty" over estimates.
Tags: Business, Munich, Munich Re


Harvey, Irma winds could topple German re-insurer's profits

Re-insurer Munich Re says it may not reach its profit goal for this year because of heavy damage from hurricanes Harvey and Irma.
Tags: Finance, Article, Associated Press, Harvey, FBN, Munich Re, Fbn/markets, FOX BUSINESS/MARKETS, FOX BUSINESS/INDUSTRIES, Fox-business/features, Harvey Irma, A16aa464-135e-43da-9459-6bb195664e2a