Insight and Intelligence on (Re)insurance Convergence with the Capital Markets

19 May 2012

Derivatives news in brief

4 March 2011

Weatherbill raises $42mn for expansion
Weather insurance provider Weatherbill has raised $42mn from venture capitalists including Khosla Ventures and Google Ventures, to support its expansion.
Existing investors New Enterprise Associates, Index Ventures, Allen & Company, First Round Capital, Atomico and Code Advisors also put up more capital.
Collateralised reinsurer Nephila has also invested in the firm and provides the insurance backing for Weatherbill's products from its Nimbus Weather Fund.
But it was not listed as an investor in the latest...

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