Funding Archives | Page 341 of 346

Editorial Team October 28, 2020 Funding

Car Insurance Startup Root Raises $724.4 Million in IPO

Automobile insurance startup Root Inc sold shares in its initial public offering (IPO) on Tuesday at $27 apiece, above its target range, to raise $724.4 million, the company said. Root, which has $200 million in debt, sold 26.8 million shares…

Editorial Team October 27, 2020 Funding, Partnerships

Willis Re completes $100mn ILS Deal for Minnesota Life

In collaboration with Willis Re, Willis Re Securities says it has structured and placed $100 million of insurance-linked securities (ILS) for Minnesota Life, a life insurance subsidiary of Securian Financial Group. With this deal, Minnesota Life will be the first…

Editorial Team October 23, 2020 Funding

Swiss Re Backs Parametric Quake Product by Cover Genius & QuickBooks

Insurtech firm Cover Genius has teamed up with Intuit to offer a new parametric earthquake policy, which is backed by capacity from Swiss Re and underwritten by Palomar Excess and Surplus Insurance Company. Cover Genius intends to offer a range…

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