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The funding will be used to meet international demand which the platform said had been “well ahead of expectations”. -
The global InsurTech chief warns of a potential “emotional reaction” towards the sector if the IPO experience at the renters’ carrier sours.
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The second quarter recorded $1.56bn in funding across 74 deals.
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The former InsurTech CEO also joins the casualty reinsurance leadership team.
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The MGA becomes an early InsurTech casualty of the pandemic era as its parent pulls the plug.
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Evercore is understood to be advising the InsurTech company on the upcoming series F round.
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A round-up of recent news on insurance technology initiatives and start-ups.
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This week the team looks at the consequences of Lemonade's highly successful IPO and the implications for the InsurTech's prospects.
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The German InsurTech is now operating at a profit and envisages an eventual IPO, its founder says.
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Investor appetite may not return to “full capacity” for another 18 months, the Flock CEO predicts.
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The Japanese investor provides new funding as well as buying up existing stock.
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The Tech Nation Insurtech Board and Insurtech UK fear dwindling backing for the sector.
