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Homeowners’ InsurTech Kin plans to expand staff, add products and move into new states with the new backing. -
The move reflects the firm’s growing interest in risks beyond nat cat.
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The company will use the funding to invest in new software hires and expansion in Hong Kong and Madrid.
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The supply-chain InsurTech is also broadening the scope of its Lloyd’s syndicate.
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The round was led by global technology giant Tencent and saw participation from SV Angel and Hawktail.
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The fund will focus on later-stage investment in companies already known to Eos.
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Reinsurers using the platform will now be able to receive their lines at the cedent’s chosen clearing price automatically.
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The funding was led by Anthemis Group, Blue Bear Capital and QBE Ventures.
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As a result of the deal, EY, through its wholly owned subsidiary Shackleton, becomes a minority shareholder in IncubEx.
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K2 Parametric will offer policies that pay pre-agreed claim amounts based on local parameters of measurable events, such as hurricanes or earthquakes.
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The firm has hired former head of specialty at Ariel Re, Amit Shah.
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The new functionality supports online collaboration for optimal placements.
