Matic mainly sells home and auto insurance through partners.

Carefull has partnerships with MassMutual and Nationwide.

Preston joined Lemonade as SVP of Strategic Initiatives.

The companies will provide embedded device and appliance protection insurance across Asia Pacific and the US.

Markd led the round.

The companies are introducing travel insurance.

The capital committed gives Warburg Pincus a large pool of capital to pursue a global set of opportunities.

MassMutual Ventures participated in the round.

Orus is a team of ~25 and it now counts over 5k policyholders. 

Earlier this year the bank agreed to sell a 20% stake in Truist Insurance Holdings.

Both startups are backed by Intact Ventures.

The insurer is limiting its HNW appetite.

Customers of Droneinsurance.com will be transitioned to the SkyWatch platform for their insurance needs.

Revenue for the year stood at £11.5 million.