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Insurance chief Lori Bailey says Corvus has looked at going full stack, but there are still opportunities in the MGA/program for cyber InsurTechs to leverage their capital.
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COO Sofya Pogreb says InsurTech Next is evaluating the option to go public, but the time is not yet right.
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The firm will use the funds to grow staff, enhance its portfolio of data analytics and expand its footprint in the MGA and embedded insurance segments.
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LuckyTruck aims to expand across the US and solidify partnerships with MGAs, carriers and trucking groups.
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Recently appointed head of insurance infrastructure and actuarial science, Dovid Tkatch, will support the captive’s development.
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The Week in Brief: FM Global’s vaccine mandate, Hippo on going public, Hagerty SPAC deal redemptionsInside P&C’s news team runs you quickly through the key developments from the last week.
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Carl Bauer-Schlichtegroll said InsurTechs in the IPO market attracted a lot of investors who did not understand the complexities of the insurance market.
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The fund will focus on later-stage investment in companies already known to Eos.
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Premium renewal rate on the carrier held at 99%, increasing the year-to-date rate to 96% through 30 November.
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Under the agreement, Amwins will write NSA policies for Buckle in Florida and Gateway will act as admitted carrier.
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NFP will be the anchor limited partner of a Distributed Ventures fund that focuses on start-ups and early-stage companies.
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Richard McCathron said that Metromile’s fate does not concern him because InsurTechs are not made equal.