InsurTech
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Around $100mn of the facility was funded at close, with the remaining funds available in two tranches as the company reaches certain agreed-upon milestones. -
The homeowners’ InsurTech reported that it has received approximately 6,800 claims associated with Hurricane Ian to date.
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Ferian Re will be capitalized by an investor group led by BDT Capital Partners
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Julia Henderson served for nine months on Vesttoo’s board before taking up her new role.
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Through a quota share deal, FlyWheel will enable investors to support Accelerant’s portfolio of low-limit, low volatility commercial SME primary risks.
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Branch reported 1300% growth YoY in annualized written premium and a 400% increase in employee growth in the last year.
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The Bermuda-based InsurTech will deploy a combination of its own and rated paper capital.
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The cover offers protection for a one-in-160-year first event.
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The firm has developed a capability to hedge commodity price risk and was originally backed by Ascot Underwriting.
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Hestia Re covers named storms in Florida on an indemnity, per-occurrence basis. It attaches at $125mn.
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