Hudson Structured Capital Management
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Foundation Capital, Revolution’s Rise of the Rest Seed Fund, Clocktower Technology Ventures, Sure Ventures, and several angel investors, also joined the seed funding round.
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The charity made history this year with its issuance of the first ever humanitarian cat bond.
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Matt Berdoff, Jason Braunstein and Wendy Wong-Tsang have joined the firm’s partnership.
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The managing general agency is looking for new lines of business, having seen its cyber team and capacity provider depart ahead of renewals earlier this year.
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The round was led by Telstra Ventures, with other funds involved including Hudson Structured Capital Management and ArcTern Ventures.
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Existing investors including State Farm Ventures, Formation8 and Brewer Lane Ventures also participated.
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Investors are seeking to take higher-attaching risks with pure peak peril deals in stronger demand.
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Helios said the deal is part of a £60mn share offering to fund further Lloyd’s capacity acquisitions.
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The ILS firm has previously invested with the company.
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The deal gives life insurer and asset manager Eldridge the opportunity to take an equity stake in the future, with further capital commitments likely.
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The move follows the company hiring new InsurTech partner Adrian Jones last month.
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The ex-Scor staffer will work to expand HSCM’s InsurTech business and serve as managing director.
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