Start-ups

Two ILS leaders are working on a new launch with strategic broker and reinsurer alliances in place, sister title Trading Risk revealed.

Sources predict Lloyd's will be the executive’s first platform, with £200mn a likely target stamp.

The InsurTech specialist says the most successful firms often pivot towards a broader customer base.

The historical evidence suggests that capital raising will not necessarily kill the rate rises.

The CoverWallet CEO and co-founder says a smaller number of start-ups will receive a greater proportion of funding.

Stuart Bridges and Russell Merrett are also working on the venture, with Evercore retained.

Market entrepreneur profiles potential acquisition targets and starts capital discussions.

New names being discussed by sources include KKR, Madison Dearborn, Carlyle and Cinven.

The Sirius-backed InsurTech will look to buy up shell entities to expand.

The carrier has also brought in recruiters for the follow-only Lloyd’s syndicate.

McGill and Partners Ltd has added former Aon chief human resources officer Siobhan Cifelli to its board as a non-executive director, Insurance Insider can reveal.

Private equity is looking for opportunities to capitalise on the Covid-19 dislocation.