Venture funding

Midwestern insurer creates accelerator and venture capital fund intended to build up Milwaukee's startup community.

The life carrier is keen on finding the startups that will define insurance user experience and distribution in the future, says managing director Doug Russell.

The insurtech will use additional Series B funding to expand product development and services for its customers.

The division of XL Catlin, whose insurtech portfolio includes smart-device company Notion, seeks exceptional management teams in its ventures.

Total funding activity is up compared to Q1 2017 and from the same time last year.

Jonathan Larsen joins the Chinese insurer after 18 years at the banking giant.