Specialty insurance company Ledgebrook has raised $200m in primary equity financing, co-led by Allianz X and Rockefeller Capital Management, with participation from existing investors. Separately, Allianz Re has agreed to enter a multi-year reinsurance agreement with Ledgebrook.
Sapiens has launched Sapiens Brain, an insurance-specific AI foundation designed to provide models and agents running on SapiensAIP, the company's recently announced AI platform for the insurance industry, with domain knowledge drawn from the company's insurance software, documentation, and product history.
Insurity, a provider of cloud-based software for insurance carriers, brokers, and managing general agents (MGAs), is expanding its partnership with ReSource Pro, an insurance-focused services and technology company specialising in operational support, technology services, and implementation.
ElevenLabs has completed a $300m employee tender offer valuing the AI voice and conversational agent company at $22bn, double its valuation at its February Series D. Wellington and T. Rowe Price led the transaction.
ANV Group Holdings has completed its acquisition of Assured Underwriting Group (AUG), a specialist MGA providing insurance-backed financial protection products to tour operators and the travel sector across the United Kingdom and Europe. The transaction has received all necessary regulatory approvals.
UPS has launched UPS Secure Commerce, bringing its shipping insurance, high-value shipment protection, and e-commerce risk technology into one portfolio.
