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Co-founder and CEO Alex Bargmann says the money will be put towards investing in software engineering and growing distribution.
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Alec Miloslavsky, founder and CEO, said the company would use the investment to fund three initiatives.
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SiriusPoint’s partnership with Outdoorsy subsidiary InsurTech Roamly will seek to help the company grow.
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Cohen joined Snapsheet in 2017 from CNA, where he was a vice president of strategy and operations.
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The company is reducing the limits it offers to $5mn, non-renewing accounts with more than $100mn in revenues, and only quoting new business for accounts with less than $10mn in revenue.
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Workers’ compensation InsurTech Foresight is on track to underwrite more than $50mn in annual gross premiums by the end of 2021, co-founder and CEO David Fontain has told Inside P&C.
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The executive pointed out to attendees that the cost differences between direct-to-consumer tech platforms and an agency force need to be weighed against different levels of service.
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The Chicago-based home insurer has named a new chief marketing officer, along with several VPs.
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Honeycomb’s CEO Itai Ben-Zaken said convincing partners, including its investors and reinsurers, was the key to its launch.
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Hippo CEO says rates will rise in the coming years, due to population movements and states leaving carriers to take on home insurance risks.
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The period when underwriters were over-reliant on submissions from clients is coming to an end.
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John Przedpelski was executive vice president and global head of distribution and partnerships at Innovisk, an investor in Vindati.