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The latest funding round was co-led by Icon Ventures and Lightspeed Venture Partners.
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The deal follows Bolttech’s $180mn Series A funding round this month.
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A subsidiary of MS&AD Insurance Group has invested in the US small business insurer, not long after a funding round hiked its valuation to $4bn.
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The companies say the aim of the partnership is to operate a trade credit insurance market via the Walbing platform.
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In his first consultancy role since leaving MRDP, Mark Dennis will be advising for an investor whose only current insurance investment, according to its website, is in Bought By Many.
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In an exclusive interview, CEO Julian Teicke described ambitious plans for more than 70 product launches by the end of 2022, and why he doesn’t need to consider IPOs right now.
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Investors including Faering Capital, Sequioa Capital and IIFL Alternate Asset Managers have committed funds to the insurer, which is backed by Fairfax India Holdings.
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The carrier says several leadership changes will help position the insurer for further success.
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The UK specialist technology firm that helps carriers deploy pricing models is looking to North America and Bermuda as key expansion areas.
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The executive has worked for Ergo, Direct Line and Generali.
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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.
