Cyber Insurance Investments and M&A

Boost Insurance And Canopius US Insurance Holdings Partner

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Boost Insurance, the leading insurance infrastructure platform has entered into a partnership with Canopius US Insurance Holdings, Inc. The goal? Provide long-term risk capacity behind Boost-powered insurance programs. Boost is a full-stack digital MGA platform that provides compliance, capital, and technology infrastructure to product and distribution-focused insurtechs, MGAs, and embedded insurance partners. Traditionally, building and … Read more

Cowbell Announces Layoffs Amid Challenges in Cyber Security Market

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Cowbell, which offers an AI-driven cyber insurance platform for small-and-medium businesses, has been one of the most high-profile players in the emerging cyber insurance industry. The company has ramped up clients and revenue rapidly while attracting large investments. But Cowbell has now announced layoffs. “I am announcing a 12% reduction of our current workforce, which … Read more

Nord Security Raises $100M-What Could It Mean For Cyber Insurance

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Nord Security, a global leader in internet privacy and cybersecurity solutions announced that it has raised $100 million in a financing round led by Warburg Pincus. Existing investors Novator Ventures and Burda Principal Investments also participated in the round. Cyber insurance and the Nord Security investment The Nord Security investment is significant for the cyber … Read more

Europe’s First MGA for Cyber Insurance, Stoik, Raises €11 million ($10.7 million) from Blue-Chip Investors

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Stoik calls itself the “first MGA in Europe to empower brokers by providing their (SME) clients with insurance policy and protection against cyber risks.” “The fresh investment will support the company’s expansion across Europe as it enters its first market field, beginning with Germany. The €10 million arrives via lead investors Munich Re Ventures, and … Read more

Converge Insurance Lands $15 million A-Round from Forgepoint Capital

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It’s another example of cyber insurance investment by VCs into emerging insurtech companies that aim to combine cybersecurity and insurance expertise. “This funding will enable us to expand our outreach and grow our bench of in-house experts while accelerating the availability of the Converge platform worldwide,” said Converge CEO Tom Kang in a release. “Converge … Read more

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