Cyber Insurance Investments and M&A

How Can the Cyber Insurance Market Increase Capacity? It’s Spelled I-L-S, Says Verisk

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ILS= Insurance Linked Securities, which are financial instruments supporting retrocession, or reinsurance for reinsurers. Verisk surveyed ILS funds on their appetite for cyber insurance. “Thirteen ILS funds, representing nearly $60 billion in AuM, reported they are interested in providing cyber reinsurance protection. Most of them have never done so before. Eight of those funds — … Read more

German Cyber Insurtech Baobab Raises $4.2m “Pre-Seed” Round 

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The start up’s website promises: “Get covered within 5 minutes.” “Baobab’s financing round was led by Project A Ventures with involvement from La Famiglia, Discovery Ventures and angel investors including Clark, Comtravo, Gabi, Hellas Direct, Bit Capital & Ioniq and Lendable, EU-Startups reported. The new cash will be used to add employees including insurance professionals … Read more

KYND, UK Insurtech, Receives Investment from BGF

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Growth capital provider BGF put in $4.4 million… “The company said it has achieved a 1000% growth on annual recurring revenue since June 2020 and developed partnerships with high-profile insurers and brokers, such as Beazley, Howden, Paragon and Alliant.” Source: UK Cyber Insurtech KYND Receives £3.25 Million Investment from BGF

French Start-Up Stoïk Combines Insurance with Monitoring: Similar to Coalition But With a Twist

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Just raised $4.3m seed round (see investors via link below) “Stoïk works a bit like Coalition in the U.S., except that it doesn’t partner with brokers to distribute its insurance product. The French startup wants to build a direct relationship with its customers.” Source: Stoïk combines cyber insurance products with active security monitoring | TechCrunch

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