InsurTech
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Some investors participating in the seed fundraise included SiriusPoint, Morgan Creek Capital, Tribe Capital and Exor. -
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Sources said that rival MGAs on the platform were “concerned” following the At-Bay acquisition, which contributed to the exodus.
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The new executive’s primary focus will be serving clients in the consumer-packaged goods space.
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Themes from this year’s ITC conference in Las Vegas also included the exit of less educated investors, increased appetite for venture debt and the allure of cyber.
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It is understood that the company is being advised by boutique investment bank Stonybrook.
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The funding round is the largest for any US-based P&C InsurTech so far in 2022.
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Cowbell Specialty will augment the InsurTech’s existing panel of 15 reinsurance partners, without replacing any of the current programs.
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Bamboo has raised $75mn in financing since its 2018 founding to support organic growth in California.
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Small businesses and accountants can obtain insurance quotes and bind coverage without leaving their QuickBooks account.
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