French start-up Shift Technology valued $1 bln in $220 mln round

PARIS/LONDON, May 6 (Reuters) - French start-up Shift Technology, a developer of software to help insurers detect fraudsters, has closed a $220 million fundraising that brings its valuation to over $1 billion, it said on Thursday. The company, whose clients include France's AXA, Japan's MS&AD and Hong Kong-based FWD Group,...