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A report from the company said the pandemic had exposed dissatisfaction with the convenience of existing coverage.
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The deal will allow Corvus to write up to $100mn in new business over the next 12 months, with SiriusPoint initially providing all the program’s reinsurance capacity.
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The Silicon Valley-based Vouch, launched in 2019, raised $90mn at a $550mn valuation in its Series C round.
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The company, soon to merge with Omnichannel’s SPAC, posted a gross profit of $6.8mn.
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Value can be created on both sides by merging the expertise of both sectors, the CEO explained.
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More than 95% of global reinsurance capacity can now be accessed by placing business on the platform.
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Shares in the InsurTech are up 38% since further detailing losses from Winter Storm Uri and PCS cat events last Thursday.
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The InsurTech’s regulatory competency center will support capacity planning and major ISO changes coming in the next 18-24 months.
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Liquor liability insurance will be bundled with general liability insurance, starting at an additional $150 per month.
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The New Arizona-based InsurTech launched by Uber, Airbnb and Lyft alums secures funding and names two executives.
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At the White House cyber summit, Resilience also said it would demand best cyber hygiene practices at clients before writing cover.
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The Austin-based online RV rental marketplace has appointed Ammar to chief insurance officer of its InsurTech Roamly, with plans to expand its offerings.