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The fresh investment takes the start-up’s total financing so far to $8.3mn.
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The Ohio-based personal lines reciprocal adds seventh and eighth states.
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The index tracks 18 innovative US insurance companies that have listed in the last 10 years.
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Existing investors Crosslink Capital and IAG Firemark Ventures also participated, along with RPS Ventures.
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The fresh capacity follows a 50% increase in the amount of Lloyd’s capacity available to Neptune.
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The volume of deals also reached a record high of 146 over the period, up by 42% compared with the prior quarter.
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Klaus Salchner was previously a vice president of engineering at News Corp.
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UPC earlier this year launched Skyway Technologies as a new subsidiary R&D company.
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Jamie Yoder was an insurance advisory practice leader at consulting giant PwC before joining Snapsheet in 2018.
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The start-up is aiming for a July 1 launch, initially offering non-admitted property coverage in the Northeast and Midwest, before expanding into other lines.
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The wholesale broker says it will use the platform to place per-load coverage for clients.
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ISC’s senior vice president of property, Gareth Jelley, will manage the program.