-
Inside P&C’s morning summary of the key stories to get you up to speed fast. -
Fidelis shares closed down from the $14 per share price set for the IPO, or a 0.8x multiple of its $17.19 book value per share at end of Q1 2023.
-
Bruce Lucas added that the company is no longer pursuing a Series B round.
-
Inside P&C’s morning summary of the key stories to get you up to speed fast.
-
The fundraising includes $80mn of convertible preferred equity, which closed on June 23rd, as well as $25mn of long-term debt financing for Hagerty Re.
-
The reciprocal’s purpose is to deliver additional US property catastrophe capacity to existing and new policyholders of Victor's subsidiary, International Catastrophe Insurance Managers LLC.
-
“Tomorrow will be a better day.” “Next year will be a better year.” “The coming decade will be when this industry realizes its true potential.” We hear the same for most public enterprises.
-
The credit facility builds on the funding Slide secured in its $105mn venture-backed Series A round, which closed in November 2021.
-
Inside P&C’s morning summary of the key stories to get you up to speed fast.
-
This would be a premium to Root’s closing price on Tuesday of $6.02 per share, which gives the company a market value just north of $80mn, significantly below its peak of roughly $7.5bn.
-
Inside P&C’s news team runs you through the key highlights of the week.
-
InsurTechs are still the most heavily shorted among P&C names, though they likely have been beneficiaries of a short squeeze for most of 2023.
