Capital raising
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Fleming’s attempt follows those of other legacy carriers that have had recent successes raising capital. -
The fundraising focus comes after it was acquired by The Baldwin Group in Q1.
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The fundraising round brought in $50mn for the insurer.
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It is understood that CyberCube has been considering a sale of the business.
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Sources said that the start-up will be fronted by Bain-backed Emerald Bay.
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The lawsuit is the latest development in the multi-billion dollar reinsurance scandal.
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Company alum David Murie will lead the new business unit.
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In an interview, the firm’s CEO spoke about the CV deal, growth and its M&A pipeline.
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The program is set to begin binding this month.
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The MGA will expand its US reach in apartments, condo associations and single-family rentals.
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The novel product appears to have been pitched to multiple clients.
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The Bermuda SPI will write a quota share of SageSure’s captive Anchor Re.
