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The company is reducing the limits it offers to $5mn, non-renewing accounts with more than $100mn in revenues, and only quoting new business for accounts with less than $10mn in revenue.
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UK-based Flock has been working on a partnership with the Japanese carrier’s UK arm to create insurance products that reward fleet drivers for safer driving.
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John Przedpelski was executive vice president and global head of distribution and partnerships at Innovisk, an investor in Vindati.
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Tractable has raised $60mn in its Series D funding round, fuelling a global expansion – including into markets where it will help carriers assess property damage.
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The investor projects GWP at its largest portfolio company to rise by almost a third this year.
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Investors in London-based insurer include specialist InsurTech backer Mundi
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InsurTech’s staff each receive share options worth €5,000.
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New funding round led by EQT Growth nets pet InsurTech a $2bn valuation.
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The company can now deploy $30mn for expansion across the US and Europe.
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The Julian Teicke-led InsurTech confirms 2020 revenue of $143mn.
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The vehicle would need to raise in excess of £200mn if the proposed listing rules go into effect.
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The week also saw further reshaping in contingency and marine markets, and Insurance Insider’s InsurTech conference.
