Start-ups
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The M&A and D&O insurance specialist has joined the company in New York.
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Other InsurTechs are likely mulling IPO options and are garnering more investor interest, according to a report.
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HazardHub, Predata, Thimble and Hailios are among the accelerator’s latest cohort.
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Brokers at Marsh, Aon and Epic have all been using the platform, which has been deployed on around eight renewals so far in 2020.
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Project is in its early stages, with a round of meetings held to stress test it with PE firms.
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The total return player trades at only around 40% of book value when marked-to-market.
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Regulators have remained responsive despite the Covid-19 pandemic, according to the Obsidian CEO.
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The InsurTech specialist says the most successful firms often pivot towards a broader customer base.
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Details on two new capital raises emerged yesterday, including an equity raise by Fidelis and a recapitalization of StarStone US.
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The CoverWallet CEO and co-founder says a smaller number of start-ups will receive a greater proportion of funding.
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The Sirius-backed InsurTech will look to buy up shell entities to expand.
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Munich Re's move to pull back capacity to Hippo comes as reinsurers are looking more cautiously at InsurTechs.
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