-
The fundraise will allow the InsurTech distribution platform to double its staff and roll out new products.
-
CEO John Swigart also said that an IPO is in the firm’s long-term future.
-
The accounting change will delay the release of Metromile’s Q1 results, with the company’s finance team instead focusing on rewriting its 2020 results.
-
Both InsurTech carriers have opted to go public through a merger with a blank check company this year.
-
Concentrix has sold its claims and insurance services business to a private equity consortium made up of Abry Partners and Hoplon Capital.
-
The recruit has also worked for Munich Re and AM Best.
-
Dye spent more than two decades at Capital One across operational and marketing roles.
-
InsurTech Arbol has set up a new program with RealTimeRental, a holiday home management software provider, to sell parametric weather insurance against the risk of a rainy day.
-
The accusation centers on how the InsurTech stores customer information.
-
Winter storm losses pushed the carrier’s loss ratio for Q1 to 120%.
-
The round brings Planck’s total funding to date to $48mn, as existing backers put in more equity capital.
-
In its earnings statement, the carrier described the Texas freeze as an “extreme stress test” for its operations and financial model.