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The world in which we live is increasingly measurable, and will only become more so over time.
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The investor supplies more than £40mn ($49mn) of growth capital following the telematics company’s acquisition of IMS last year.
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Twelve more syndicates have joined the consortium, which is designed to tackle emerging risks.
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The company becomes the first P&I club to use the InsurTech’s Quest Marine system.
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The carrier will provide Floridian homeowners insurance online, by phone or via email.
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The addition of China Pacific Insurance Group comes weeks after IRB Brasil Re’s $3.9mn investment.
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Carrier begins trading on e-platform after Lloyd’s carriers smash digital placing target.
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The IoT Observatory director said investors are desperate to back start-ups that promise to disrupt the distribution chain. -
The deal marks what will likely be one of XL Innovate’s final investments.
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The latest fundraise comes after the auto carrier entered the Californian market.
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CEO and Co-Founder Alex Timm said the company needs someone who can focus on managing growth.
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Co-founder Niall Barton will move from the CEO role to executive chairman.
