Index Risk launches wholesale-only specialty MGU

Index Risk has launched as a wholesale-only specialty MGU offering commercial property deductible buyback for wind, wildfire and earthquake. The company is licensed in all 50 states and DC, writes on A+ rated capacity, and sells only through appointed wholesale brokers via its Index Connect quoting platform. Additional products are planned in the coming months.

Ariel Re Secures $270m of New Capital to Support 2023 Growth

Ariel Re, a global reinsurance business with offices in Bermuda, London and Hong Kong, has announced it has secured $270 million of capital from five new institutional and family office investors to support exciting growth opportunities in 2023.

GetCovered.io Raises $7 Million in Series A Funding

NEW YORK--GetCovered.io, the insurance software company that makes it simple to buy and track property and casualty insurance online, today announced the completion of its $7 million Series A financing...

Blackpoint Cyber Secures $190 Million Growth Investment from Bain Capital and Accel

Blackpoint Cyber, a leading, technology-focused cybersecurity company providing its advanced security suite via managed service providers (MSPs), today announced it has received a $190 million growth investment led by Bain Capital Tech Opportunities, with participation from Accel.

Pelican Ventures backs new Lloyd’s cyber start-up Trium 1322

Lloyd's has granted in-principle approval for a new Asta-managed, cyber-focused syndicate – Trium – with the Pelican Ventures-backed vehicle set to commence underwriting in January 2023, The Insurer can reveal.

Nsure.com Secures Strategic Investment from Pelican Ventures to Digitalize the Insurance Agency Industry

Nsure.com, a proprietary online insurance shopping platform, announced today that it has secured a strategic investment from Pelican Ventures, co-lending alongside its existing lender Echo Venture Fund III (EVFIII). Nsure.com is a cutting-edge insurance technology company that helps consumers find and buy the best home and auto insurance coverage at the best price.

Tango Specialty hires Ascot trio to spearhead marine push

Start-up MGA platform Tango Specialty is making a play in the marine market with the hires of Chris Piazza, Dana Piazza and Jim Gehrke from Ascot, The Insurer can reveal.