Start-ups
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The Floridian InsurTech will use around $50mn for policyholder surplus, sources said.
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The new workplace will house the firm’s US cyber and transactional liability teams.
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Jon Hutchens has been a tax lawyer for the last 14 years, most recently serving as a partner at Dentons.
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The broker is developing solutions to accurately quantify intangibles including IP
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Ambac’s fronting company Everspan has acquired Enstar’s subsidiary Providence Washington Insurance (PWIC) as part of its strategy to launch new admitted programs and expand its products portfolio.
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Foundation Capital, Revolution’s Rise of the Rest Seed Fund, Clocktower Technology Ventures, Sure Ventures, and several angel investors, also joined the seed funding round.
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Durable Capital, T Rowe Price Associates and Whale Rock Capital led the InsurTech’s latest round.
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The executive joined Vantage on Monday, after spending the last 10 years at Axa XL.
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The Silicon Valley-based Vouch, launched in 2019, raised $90mn at a $550mn valuation in its Series C round.
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The Greg Hendrick-led firm added Richard Wall from Axa XL, Bhuma Patel from CNA, and Leona Lik from Aon for the buildout.
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Eigen Technologies, which helps insurers and brokers extract and digitise data from various sources, hopes to accelerate growth with new investment in the London market.
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The latest funding round was co-led by Icon Ventures and Lightspeed Venture Partners.
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