– MGU developing risk management products in the renewable energy industry.
– E.g. EneRate Credit Cover™ unlocks solar project financing for the unrated and below investment grade counterparties by covering payment default risk.
– Policies are issued by RE3 Energetic Insurance Solutions, LLC, a wholly owned subsidiary of Energetic Insurance

Novee AI Raises £1.6M to Build Intelligence Layer for Commercial and Specialty Underwriting
Novee AI, a London-based insurtech startup, has secured £1.6 million in pre-seed funding to develop its AI-powered risk assessment platform for commercial and specialty insurance. The round was led by early-stage B2B SaaS investor 42Cap, with additional backing from Insurtech Gateway, a prominent investor in insurance technology.