the United Kingdom’s
digital insurance industry,
in focus.

GAIA acquires SocialJobs

Reassured, an investee company of Bridgepoint, completes a refinancing

FloodFlash co-founder and chief executive Adam Rimmer has exited the parametric flood MGA following its acquisition by NormanMax, according to people familiar with the matter.

Ondo raises £2.30 million via the placing of 6.2 million shares to institutional and other investors and a further 3.0 million shares by way of the subscription.

Darwin Insurance announced the closing of a US$18.6 million series B round (approximately R$102 million).

The round saw participation from Connecticut Innovations (CI), the strategic venture capital arm of the State of Connecticut; BlueOrchard Finance Limited, an impact investment manager under the Schroders Group; and renewed support from Burnt Island Ventures and Foresight Capital, both early backers of the firm.

The acquisition aims to reduce the time and cost of critical insurance workflows by integrating Cytora’s AI-enabled risk digitization platform with Applied’s suite of solutions for agencies, carriers, and MGAs.

Fast forward to 2025, the startup has raised an additional $90 million in a funding round led by Portage, through its Portage Capital Solutions strategy. BlackRock and Columbia Lake Partners also participated in the round.

The raise, which is currently in early access, will open to the wider public at the end of April, according to FF News.

InsureVision, an InsurTech company specialising in AI-powered contextual driving risk assessment technology, has successfully raised $2.7m in a seed funding round.