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The company will use the grant to launch invoice insurance and a trade credit scoring product in France and Germany.
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The Series D funding round values the MGA at over $1bn, crossing the unicorn threshold.
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The carrier’s Syndicate 3000 will provide the MGA with capacity for disgrace insurance written using new risk assessment technology. -
The new venture streamlines underwriting by scraping data on liquor license violations.
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The formerly named Fractal Industries funding round was led by investment firms Cannae Holdings Inc and Motive Partners.
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InsurTech Gateway Australia will be led by entrepreneur Simon O’Dell and backed by private equity investor Envest.
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Company already has a presence in the Netherlands, US and Chile
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James Birch joins from Hambro Perks, where he led the establishment of the InsurTech incubator in 2017.
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Venkat Krishnamoorthy will take on the newly created role on 5 August.
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The investment is the carrier’s largest in a start-up.
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The Catlin and Brand-led start-up strikes its first InsurTech partnership.
