The acquisition will increase PIC’s capacity to support pension risk transfer deals and expand investment in long-term UK assets.
White Mountains will acquire approximately 50% of Distinguished's outstanding equity interests for $230 million.
Both Ambac and Oaktree remain fully committed to closing the transaction.
Capital from the Series A financing and grant funding will advance development of SYNT.
NYL Ventures invested in Norm Ai and is one of its largest investors.
The round follows a $150,000 pre-seed investment from Y Combinator in 2019.
The startup is a team of 10 competing with CarbonPool and Kita
The integration is live across the UK and EU.
WireX is a network detection and response company.
Leaf is a Danish insurance broker.
Kaufmann will be responsible for establishing Arch’s US Marine product offerings.
Holos is a privately-owned retail insurance broker employing over 400 people across 20 locations in Japan.
Savvy will use the funding to accelerate its core technology offering.
The company is co-sponsored by MetLife and General Atlantic.
Travelers will award $1 million in grants to support preservation projects in California, Connecticut, Louisiana, and Minnesota—four states facing heightened climate risks.
