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The executive joins the San Francisco-based brokerage after stints at Aon, Lockton and Chubb. -
SF: In his new role, the executive will lead the development of the commercial InsurTech’s insurance vertical products – particularly its cybersecurity, technology and privacy offerings.
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The five new states come in addition to Georgia and Illinois, where the InsurTech started operating earlier this year.
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The fundraise comes after the company raised $180mn of Series A funding last year.
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As the MGA market gathers today, cat property capacity looks set to dwindle further as Hurricane Ian exacerbates pre-existing challenges.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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Hurricane Ian, interest rate impact and the cooling economy will be the main themes this earnings season.
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Ferian Re will be capitalized by an investor group led by BDT Capital Partners
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The commercial trucking insurer is now available in 27 states for its auto liability coverage.
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The intention to potentially sell Attune illustrates Coalition’s desire to refocus its story on cyber – where valuations have held best in harsh market conditions for InsurTechs.
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Since raising $75mn in a Series C funding in June, the company has launched offerings in two states and launched an insurance carrier.
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The executive, who had worked at the AI-driven platform for over four years, announced his departure on social media.
