Elpha Secure Raises $20 Million Series A
Fintech VC Canapi Ventures led the round in Elpha, which claims to be the first cyber insurance startup “to combine proprietary cybersecurity software with coverage to improve risk transfer.” Fused…
“Silent Risk” Holding Back ILS Market for Cyber
“Around 90% of ILS fund managers are concerned about the potential for silent cyber exposure within their funds, said S&P, quoting PCS, a Verisk business and provider of catastrophe data….
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Coalition Buys Prop/Casualty Insurer from Munich Re
“The result: Coalition gains a property and casualty insurer licensed in all 50 states. Financial terms of the deal were not disclosed… Shawn Ram, head of Insurance for Coalition, described…
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Will Recession Drive Greater Demand for Cyber Insurance? Coalition Thinks So
“’Unfortunately, the adversarial community, the hacking community, they don’t care,’ (Coalition Head of Insurance Shawn Ram) added. ‘Companies may elect to provide less resources toward cyber-related security and controls. The…
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Insurtech DynaRisk Closes Seed Round
“The company helps MGAs, MGUs, and (re)insurers become more profitable by providing risk management tools and data to improve loss ratios while deepening insured engagement. DynaRisk helps brokers grow new…
Surefire Cyber Launches Services for Cyber Insurers & Clients; Closes $10 Million “A Round”
Investors continue to back insurtech companies focused on cyber. Forgepoint Capital did this round. “‘Surefire Cyber’s goal is to work with our clients and partners to swiftly manage a cyber…
Cowbell Closes $100 Million B Round; CEO Discusses Growth Stats
“But Jack Kudale, the founder and CEO, tells me that it’s projecting its policy holder base to grow three-fold in the next 12 months, to 35,000-40,000 customers (which would imply…
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At-Bay Spending Some of Last Summer’s $185m D Round on Office Space
“The cyber insurance provider leased the entire eighth floor of the 12-story Flatiron District (W. 24th) building, according to Kaufman. The landlord didn’t disclose the length of the lease, but…
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How Can the Cyber Insurance Market Increase Capacity? It’s Spelled I-L-S, Says Verisk
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…
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German Cyber Insurtech Baobab Raises $4.2m “Pre-Seed” Round
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…
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