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The round was led by global technology giant Tencent and saw participation from SV Angel and Hawktail. -
International CUO Kyle Bryant declined to specify when the company would be up and running but said it was in advanced discussions and “quite confident” of landing a deal soon.
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The new platform was developed in collaboration with the London market and Ecliptic’s recently launched Inov8ionLab.
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The InsurTech will now broaden its data, analytics and risk exchange services to new partners in lines beyond the SME space.
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With this deal, Corvus said it becomes the first cyber InsurTech to acquire a London underwriting platform.
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The Series A funding round was led by Mercia Asset Management.
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Sources said there are already four cells in line to join the platform in early 2022.
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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 fund will focus on later-stage investment in companies already known to Eos.
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The system is designed to streamline connections through APIs between brokers and carriers.
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The InsurTech has extended its $210mn once more, adding an undisclosed amount to its record-breaking Series A.
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The significant increase in planned premium will be interpreted as a vote of confidence in the low-cost, follow-only model from Lloyd’s.
