Top 10 Insurance/InsurTech Capital Raises and Investors in the U.S. – January 1st to March 31st, 2026
Several interesting transactions closed in the Insurance/InsurTech sector over the past quarter. If you would like more info on these deals or would like to discuss the capital raising market for your company, please contact me.
PE Growth/Expansion
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- Bishop Street Underwriters, insurance underwriting services for specialty property and casualty insurance marketing, received $150 million of development capital from White Mountains Insurance Group.
Merger/Acquisition
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- Newfront, insurance brokerage technology that assists businesses in purchasing insurance packages based on insight-based recommendations, was acquired by Willis Towers Watson for $1.3 billion.
- Insurance Hero (Insurance Brokers), insurance brokerage services catering to individuals, businesses, and specialty markets, was acquired by BrokerLink, a subsidiary of Intact Financial.
- CAC Group, insurance broker and advisor expertise and placement capabilities across the spectrum of insurance, capital markets, large corporations, small-to-medium enterprises, as well as individuals, was acquired by The Baldwin Group for an estimated $1.03 billion.
Later Stage VC
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- FutureProof Technologies, insurtech platform that prices asset-specific resilience measures and reduce the risk for climate-resilient structures, raised venture funding from CLAI Ventures.
- OBAI, AI-powered insurance claims platform that automates insurance damage assessment procedures, raised venture funding from Connetic Ventures.
Early Stage VC
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- AACI Group, catastrophe insurance offerings that improves access to climate-related risk coverage for property owners and communities, raised $9.2 million of venture funding in a deal led by Brewer Lane Ventures.
- Velaris Re, specialized insurance services that manages risks within the hospitality industry, raised venture funding from PuffinVC.
Seed
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- Gangkhar, embedded insurance infrastructure for integration into digital products and services, raised $4.25 million of seed funding in a deal led by Anthemis.
- RockRose Risk, insurance brokerage platform that provides property insurance and quantify wildfire mitigation, raised $9 million of seed funding in a deal led by Crosslink Capital and Citrine Capital.
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Axel Reijmers
Managing Director
Former Head of Corporate Finance M&A Americas for the Royal Bank of Scotland and ABN AMRO Bank, based in New York. Began his career at ABN AMRO Bank in Japan, and subsequently in The Netherlands in the Corporate Finance department. Was seconded to New York in 2006 to co-establish the ABN AMRO North America Corporate Finance M&A department and grew it by advising medium and large companies on domestic and cross-border mergers, acquisitions, capital raisings and capital structurings. Led the management buyout of RBS Bank Mexico and RBS Broker-Dealer Mexico in 2014 and spearheaded the subsequent growth of the bank as Head of Investment Banking & Corporate Development. During his tenure he supported companies with capital and financing solutions with a focus on companies in the US and Mexican energy infrastructure sector and fintech sector. Holds a master’s degree in economics from Groningen University, The Netherlands. Holds FINRA Series 7 and 63 licenses.
- Email: areijmers@castleplacement.com
- (C) (201) 747-4718
Axel Reijmers
Managing Director
Please contact me if you have any questions or would like to discuss your capital raise:
Email: areijmers@castleplacement.com
(C) (201) 747-4718
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Sources: Information on this page was derived from a variety of sources including Bloomberg, Company Websites, Crunchbase, PitchBook and other news outlets. Castle Placement® does not warrant or guarantee this information, nor makes any representations as to the accuracy of the information. For more Risks, see CPGO Risks and Disclaimers.
