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Willis’s Quarterly InsurTech Briefing shows investments raised more in H1 this year than the whole of 2020.
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The UK specialist technology firm that helps carriers deploy pricing models is looking to North America and Bermuda as key expansion areas.
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Reinsurers from Bermuda, the Cayman Islands and Japan have also provided capital to the syndicate for its 1 July launch.
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The business was founded in 2013 by Hong Kong tycoon Richard Li and has expanded across Asia.