The acquisition is a win for Lemonade’s recently launched car insurance product. Metromile has a decade of driving data based on its usage-based model and it operates licenses in 49 states, all of which will be merged into a single company, if the deal goes through.

Metromile went public via a SPAC in February.

French lender La Banque Postale is offering to buy the shares it doesn’t already own in CNP Assurances, valuing the firm at some $17 billion in what stands to be the largest takeover of an insurer this year.

Activist investor Starboard Value disclosed a new position in Willis Towers Watson Plc Thursday, and said it believes the insurance broker could nearly double its share price in the next three years.

The company said it has taken a majority stake in Cardif Pinnacle, a pet insurance-focused subsidiary of BNP Paribas SA, and is buying Chicago-based Figo Pet Insurance LLC, beginning a series of investments in the sector. The prices weren’t disclosed.

Old Mutual Group Ltd. plans to make acquisitions within the next five years to boost its market share in the West Africa region, where insurance penetration still has significant headroom for growth.

The transaction, which involves Cigna’s businesses in Hong Kong, Indonesia, Korea, New Zealand, Taiwan and Thailand as well as its interest in a joint venture in Turkey, comes months after Chubb was repeatedly rebuffed in its bid to take over Hartford Financial Services Group Inc. for about $25 billion.

In other news: Allstate closes $400M sale of New York life, annuity business; USAA partners with Blink by Chubb; Zurich North America implements Chisel AI.

The Chinese insurance giant is working with financial advisers on the potential sale, which could value Founder’s life insurance unit at as much as $1 billion, the people said, asking not to be identified because the matter is private.

Resolution and Allianz have been working with advisers on a deal that could be announced as early as this week pending regulatory approval, the people said, asking not to be identified because the information is private. The transaction would affect roughly $6 billion in liabilities that would be ceded to Resolution Life, which is run by former GE Insurance executive Clive Cowdery, they said.

In other news: Hippo launches Builders Program; handdii wins the 2021 ACORD Insurtech Innovation Challenge New York; Blockchain-backed title insurance launches in five states.

In other news: Cowbell Cyber releases API; Discount Tire, Motorq offer data analytics platform; and Roamly announces new hire and expansion plan.

In other news: Breeze's new hire; Guidewire acquires HazardHub; New York Life partners with Empathy.

In other news: Nexar partners with New York’s Black Car Fund and Hannover Re collaborates with ExamOne.

In other news: CoreLogic collaborates with One Concern on weather prediction technology and One appoints new CEO.

Under the agreement, Brookfield Reinsurance will pay $190 in cash for each share of American National, the companies said in a statement Monday.

The new company, under the brand name Pattern, will provide embedded insurance across U.S. and Europe markets.

Newly combined company boasts more than 20 clients among the top 25 U.S. insurance companies.

The insurer says the new offering will be distinct from its current SafePilot product.

Insurity's goal in the buy is to expand into the program business.