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PE funds considering a play in the catastrophe space are far more likely to be looking for an alpha play. -
Cover Genius has grown GWP to nearly $1.1mn a day since its last funding round in September 2021.
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The fundraise comes after the company raised $180mn of Series A funding last year.
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Investors are beginning to pull back from writing $50mn+ funding cheques for InsurTechs, according to Zach Powell, general partner at Eos Ventures.
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The fund has already made its first investment, joining Descartes Underwriting’s recent $120mn Series B funding round.
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The funding will be used to hire dozens more client directors by the end of the year and expand the platform.
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The funding round led by Force Over Mass Capital will trigger a hiring spree at Artificial Labs and fuel the development of its automated underwriting platform.
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The US firm is looking at expanding across Australia, Canada and the UK after securing new investment.
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The Series A funding round was led by Mercia Asset Management.
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The start-up can now expand operations in new territories to help farmers recover from extreme climate events.
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The investment will be used to develop Humn’s data capabilities, grow commercial teams and drive European expansion.
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Everest Re recently outlined plans to lift gross premium by 10%-15% annually from 2021 to 2023.
