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CEO Jack Kudale said his company was likely to transition to full-stack carrier by January 2023.
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CFO Vincent Chippari will retire on 15 April and resign as CFO effective 4 April.
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Portage Ventures, Brewer Lane, MS&AD Ventures, and Nationwide Ventures participated in the round, which brought total funds raised to $96mn.
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Inside P&C’s news team runs you through the key developments from the past week.
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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 executive will oversee the cyber-MGA’s long-term strategy and scaling operations.
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HCI is waiting for the right moment to maximize its chances in Florida.
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Peters will help guide Kinetic Insurance’s growth strategy after its recent launch in partnership with Nationwide.
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Losses and loss adjusted expenses at the Florida-based firm rose to $63mn from $40mn in Q4 2020.
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The company’s convertible notes now have $24mn outstanding.
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The R&D facility will be funded by IMA’s financing arm IMA Investments, and will initially research risk mitigation specific to non-fungible tokens.
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Insureon’s CEO Dan Kazan will work with both companies as part of the deal, while the InsurTech’s chief commercial officer Jeff Kroeger will join Hub.