Fundraising

Auto insurtech Inshur raises $19mn in Viola Growth-led round

Commercial auto insurtech Inshur has raised $19mn in its latest funding round led by Viola Growth, bringing its total funding to $78.5mn since 2019.

Trucking insurtech MGA Cover Whale seals $27.5mn Series A fundraise

Commercial auto insurtech MGA Cover Whale has secured a $27.5mn Series A fundraise after reaching operating profitability earlier this year, The Insurer can reveal.

Radke confirms Accelerant mulling IPO or share sale in 2024

Accelerant CEO Jeff Radke has told Reuters that the Altamont Capital Partners-backed firm is planning to raise fresh capital next year, and is weighing whether to do so through a private share sale or an IPO.

Bain targets pipeline of insurance investments after closing upsized $1.15bn fund

Bain Capital Insurance is considering a number of potential pipeline investments including those looking to take a differentiated approach to the MGA and fronting space after closing its inaugural private equity fund at $1.15bn, well above its initial target of $750mn.

Amwins funds dividend with additional $700mn debt raise

Wholesale giant Amwins has again raised funds in the debt market to finance a shareholder dividend as it also emerged that the firm recorded 19 percent revenue growth in the first nine months of 2022 to $1.6bn.

Start-up MGA Anzen gets AmTrust, Greenlight and Everest capacity and completes $10mn seed round

Executive liability insurtech MGA start-up Anzen has secured capacity support from AmTrust Financial, Greenlight Re and Everest Re and completed a $10mn seed round which included backing from MS&AD Ventures and Tokio Marine, among others.