Hudson Structured Capital Management
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The deal propels HSCM total AuM and capital commitments to above $4bn. -
Part of the loan will be used to pay a $120mn dividend to HG Global equity holders.
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InsurTech Buckle has expanded its offer across Maryland and Nevada.
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He spent seven years at Arch Capital and will be working on HSCM’s reinsurance strategies.
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The transaction reflects the evolution of the Weston Group and its plans to expand its coastal offerings across the US.
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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.
