New York Life Ventures participated in the round.

The company reported a net loss of $53.8 million

Travelers is paying approximately $435 million.

The deal was structured as a convertible debt agreement.

This comes as a response to the Official Committee.

The new offering was created in collaboration with Sure and Toggle.

The company expects to maintain majority ownership of Fortegra.

The new licensed agency will offer coverage for high-end car owners through products offered by Hagerty.

The company ended the quarter with 1,984,154 customers.

To date, Cowbell has raised $148 million.

Allstate and Allianz X have made the investment.

The company will use the funds to expand go-to-market operations and bolster its platform functionality for brokers. 

The company reported a net income of $1.12 billion.

The venture will identify the most promising investment opportunities.