Hudson Structured Capital Management
-
Existing investors including State Farm Ventures, Formation8 and Brewer Lane Ventures also participated.
-
Investors are seeking to take higher-attaching risks with pure peak peril deals in stronger demand.
-
Helios said the deal is part of a £60mn share offering to fund further Lloyd’s capacity acquisitions.
-
The ILS firm has previously invested with the company.
-
The deal gives life insurer and asset manager Eldridge the opportunity to take an equity stake in the future, with further capital commitments likely.
-
The move follows the company hiring new InsurTech partner Adrian Jones last month.
-
The ex-Scor staffer will work to expand HSCM’s InsurTech business and serve as managing director.
-
The vehicle raised $240mn in an offering priced at $10 a share.
-
The deal is the latest in a slew of recent blank check listings this year.
-
The Q4 figures represent an increase of 24% since July 2020.
-
The cyber insurance sector is set to grow to $20bn by 2025, the broker said.
-
It is expected that the transaction will close in the first quarter of 2021 and that Vault will retain its A- rating from AM Best.