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Inside P&C’s morning summary of the key stories to get you up to speed fast. -
The InsurTech will use the funds to expand its workforce and develop its technology.
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The combined company, Roadzen Inc, is set to be listed on the Nasdaq, with the deal expected to close in the second quarter.
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She will be responsible for providing strategic guidance for the organisation.
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The transaction is expected to close in the first half of the year subject to closing conditions and regulatory approvals.
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Marty Young co-founded the InsurTech with Dustin Walsey and had served as CEO since the company’s launch in 2017.
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It is understood that the private flood MGA has re-engaged Morgan Stanley to run its sales process.
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The InsurTech is accusing Brinson Caleb Silver and his alleged co-conspirators of executing a scheme which defrauded it of at least $9.4mn.
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The workers' comp specialist acquired a nationally licensed insurance company that has been renamed The Pie Insurance Company.
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For InsurTechs, the most significant feature of 2022 is that the narrative around ‘disruption’ seems to be “truly over”, Gallagher Re said.
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Prior to joining Newfront, Wagner worked as Marsh’s central zone growth leader, overseeing 18 offices throughout central US.
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The total raised for the InsurTech has now reached $24.5mn over the past 16 months.
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