Editor at Coverager
The insurer ended the month with a net income of $737 million.
The new offering is powered by the Envoy Insure quoting platform.
Mile Auto will be able to leverage VIU as a digital omnichannel platform.
The carrier reported a net underwriting loss of $43 million.
The new offer values the UK company at approximately £3,171 million.
The platform features a real-time dashboard and advanced analytics.
Allianz, MassMutual Ventures, MetLife, New York Life Ventures, Securian Financial, and Sumitomo participated in the round.
Eye Security provides cyber insurance.
Last September, Openly raised $100 million.
The insider-led round was "oversubscribed."
MassMutual Ventures led the round.
This rating action follows the organization’s results in 2023.
The new feature is powered by FirstVet.
Dellwood is backed by RenaissanceRe.
Munich Re Ventures participated in the round.