SPACs

RT ProExec report finds increasing legal and regulatory action on SPACs and cybersecurity among top concerns for D&O market.

As federal courts and the SEC take a more critical view of the vehicles, D&O underwriters are approaching coverage with caution.

The classic car insurer is expected to trade under the ticker HGTY.

The recent SPAC listings of Hippo and Doma have been subject to significant outfluxes of capital.

The venture capital firm is seeking a sustainable portfolio rather than firms ‘looking toward the next funding round’.

A vote on July 29 is expected to be less nerve-racking than once predicted, with investor appetite warming on the prospect of InsurTech SPAC mergers.

As part of expansion plans, Kin has also signed a stock purchase agreement to acquire an inactive insurance carrier that holds licenses in more than 40 states.

The InsurTech is said to be in negotiations with blank check company PWP for a merger.

Every market is going to have to decide where they stand on the issue of SPACs, said AIG’s head of North America financial lines.

The SPACs merging with Hippo, Doma and Qomplx are all trading below the redemption price.