InsurTech
-
Hestia Re covers named storms in Florida on an indemnity, per-occurrence basis. It attaches at $125mn. -
The Hestia Re bond covers named storms in Florida and was targeting $150mn-$200mn.
-
She will remain based in Bermuda as head of risk capital strategy.
-
InsurTech Buckle has expanded its offer across Maryland and Nevada.
-
The insurance investment fund’s Brandon Baron will join Layr’s board of directors.
-
As part of the deal, ICEYE will provide Fermat with near real-time flood data for large-scale events.
-
This is the InsurTech’s first sally into the cat bond market.
-
HCI is waiting for the right moment to maximize its chances in Florida.
-
Losses and loss adjusted expenses at the Florida-based firm rose to $63mn from $40mn in Q4 2020.
-
The company’s convertible notes now have $24mn outstanding.
-
Brian Kirwan, Douglas Min and Omar Ali have been appointed as general managers of Europe, Korea and the UAE, respectively.
-
Homeowners’ InsurTech Kin plans to expand staff, add products and move into new states with the new backing.
