December’s deep freeze: Cost of living crisis leaves Aviva with a £50m bill for burst pipes and water tanks January 25, 2023 Aviva said last December’s freezing weather meant it had to pay out £50m to policyholders claiming for damage caused by burst pipes and water tanks. An Aviva spokesperson told City A.M. said soaring energy costs had led to more frozen pipes because households were more reluctance to turn on the heating, leading to more extremes [...]
Comparethemarket owner backs London ‘insurtech’ Superscript in £45m funding round January 9, 2023 London-based insurance fintech Superscript announced it had bagged a £45m funding round led by the owner of Comparethemarket.com today, in a boost to the UK’s burgeoning ‘insurtech’ sector after a flurry of investment in the past two years.
London toasts Europe’s top talent at ‘Oscars of Tech’ October 7, 2022 Europe’s leading investors and technology entrepreneurs gathered in London’s Hilton Park Lane last night, Thursday 6 October in celebration of the 20th annual GP Bullhound Investor Allstars. Dubbed the ‘Oscars of the tech world’, Investor Allstars is one of the leading events celebrating the very best of Europe’s vibrant tech industry, shining a light on [...]
As households cut spending, the big beasts of insurance need to get up to speed October 7, 2022 When the economy is fragile, sectors must adapt. This is a truism repeated again and again because it is the nature of financial growth and innovation. As household budgets shrink, customers are shopping around for better deals – for food, for bills and almost all other outgoings. Insurance is no exception, though it is unique [...]
Crypto AM Summit & Awards 2022 August 16, 2022 The third Crypto AM annual summit and awards returns to the spectacular 5-star Hotel Leonardo Royal St Pauls, London this November, featuring some of the cryptocurrency and blockchain world’s most prominent figures. Two days of discussion and debate, coupled with workshops and world-class networking, will culminate in one of the industry’s most glamorous and prestigious [...]
Fintech and the accountancy profession May 19, 2022 The union of finance and technology as fintech has become pervasive, transforming how financial services are delivered and consumed. It’s a thriving sector with many diverse parts such as online-only or neobanks, peer-to-peer lending, payment gateways / application programming interfaces (APIs), investment banking back-end infrastructure, insurtech, wealthtech and regtech. And that’s before considering some frontier [...]
New spac to list in London with eye on insurtech market April 6, 2022 A new Spac has announced plans to float on the London Stock Exchange today as it eyes up an acquisition target in the booming insurtech industry.
SPAC snaps up Ondo to make it first public ‘insurtech’ firm in London March 21, 2022 Ondo has become the first ‘insurtech’ firm to go public in the capital today, as listed acquisition vehicle Spinnaker Acquisitions snaps up the firm and brings it onto the London Stock Exchange.
Ones to watch: UK home to nearly a quarter of Europe’s prospective unicorns March 17, 2022 The UK is home to nearly a quarter of Europe’s prospective unicorns for this year, according to research shared exclusively with City A.M. today. Firms such as Hammersmith-based moving company AnyVan, verification software firm Onfido and apprenticeships group Multiverse have been marked as ‘ones to watch’ by investment firm GP Bullhound and Viva Technology. Outside [...]
Exclusive: London ‘insurtech’ firm Loadsure gets funding injection March 10, 2022 Insurance tech firm Loadsure announced a $11m funding injection today as it looks to ramp up its tech development for the global cargo and freight insurance market.