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Bamboo has raised $75mn in financing since its 2018 founding to support organic growth in California.
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Small businesses and accountants can obtain insurance quotes and bind coverage without leaving their QuickBooks account.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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The InsurTech’s stock price was down as much as 9% in after-hours trading following the announcement.
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Proxima provides software and back-office support from its offices in Santo Domingo, Dominican Republic and Quito, Ecuador.
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It is understood that the InsurTech is looking to raise approximately $200mn in debt.
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The policy will be available for small businesses with less than 250 employees and less than $100mn in revenue and total assets.
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The InsurTech said small businesses remain highly targeted, and having a remote workforce makes clients more vulnerable to cyberattack.
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The funds are expected to drive additional growth through market expansion and accelerate the deployment of Patra's technologies.
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Ambac’s Everspan Group has launched a program with InsurTech Centrex Underwriters, an MGA that offers liquor liability and general liability insurance products for the hospitality industry.
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Donavan was previously at Fin Capital as a venture partner leading the insurance segment, working on investment thesis development and deal sourcing.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.