Start-ups
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In a post on LinkedIn, Steve Arora said investor appetite “just wasn’t there”.
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The fund apparently plans to purchase life insurance policies as investments.
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The program is being launched through subsidiary Southern Marine.
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The MGA will grow in specialty lines via talent recruitment and M&A coupled with technology enablement.
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Sills’ background, a strong backing, and laser-sharp E&S focus make Bowhead stand out.
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The start-up is closing a Series A fundraise.
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The InsurTech was also removed from under review, negative.
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The start-up has achieved an A- credit rating from AM Best.
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The homeowners’ carrier has secured Floir approval.
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WTW sold Willis Re to Gallagher in 2021 for $3.5bn.
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The start-up has secured BMA approval as it looks to a 1 January kick-off.
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