Capital raising

The shift to private market fundraising should be a meaningful boost to this and other initiatives.

K2 plans to put $10mn-$20mn into the new syndicate, with third-party investors teeing up to fund the rest.

Former Teneo M&A head Alexander Schnieders will lead the unit.

The proceeds will fund AUB’s acquisition of Pacific Indemnity.

The hard market has not burst the MGA bubble – and now interest is on the rise again.

The additional investment from HarbourVest brings total fundraising to $120mn.

Artificial Labs undertook the Lloyd’s Lab accelerator programme in 2020.

The transaction will reduce the firm’s reliance on private debt deals.

A hard cat market in 2023 means cedants must consider the alternatives.

As part of the fundraise, Marcus Ryu, Battery Ventures partner, and a16z general partner Angela Strange will join Hyperexponential’s board.

We look at data trends that shed light on the past year, ranging from growth plans at Lloyd’s to personnel planning, uncertain IPO prospects and the unexpected trends from Florida losses.

Lloyd’s has been trying to simplify its story for external investors, but it has more work to do judging by the outcome of the London SPAC vehicle which was planning a new syndicate investment launch.