Insurance, Tech Stocks Outpacing Insurtechs in 2021: HSCM Index May 4, 2021
Stock prices of 18 U.S. insurtechs that went public in the last decade soared as a group in 2020. But so far in 2021, large non-insurance technology companies and traditional insurance stocks both outperformed the insurtechs.
Hudson Structured Capital Management reported the relative findings the week of April 18 as it simultaneously unveiled a new stock index created and administered by HSCM the HSCM Public Insurtech Index, or HPIX to measure the insurtech sector’s performance in public markets.
“We believe this is the first and only index of its kind available to the public,” wrote Adrian Jones, a managing director of HSCM and a partner in HSCM’s Insurtech group, in a LinkedIn post.
Vault Announces Strong Business Growth
Personal Insurance Provider Increased Revenue 70% and Surpassed $100 Million in Written Premium in 2020
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ST. PETERSBURG, Fla., March 2, 2021 /PRNewswire/ Vault Holdings, LLC ( Vault or the Company ), a fast-growing provider of personal insurance for successful individuals and families, today announced that it achieved a number of significant business milestones in 2020 and is positioned for continued growth this year.
Launched in October 2017, Vault offers a modern insurance experience that combines an advanced technology platform and personalized concierge service designed to meet the needs of high-net-worth individuals. The Company provides customizable services and policies to insure high-value homes and cars, as well as collections of art, jewelry, wine, antiques and memorabilia. One or all of its insurance offerings are available in most East Coast states, Florida, California
States Title Raises $150 Million to Modernize Home Closing Experience
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Machine intelligence helps remove friction and frustration from title and escrow processes; new debt financing accelerates expansion of local resale and centralized refinance business
The platform benefits lenders, real estate professionals, title agents, and homeowners, and has become even more crucial as the impacts of COVID-19 and record-low interest rates have created a huge tailwind behind home purchase and refinance. SAN FRANCISCO (PRWEB) February 17, 2021
States Title, a leading force for disruptive change in the real estate industry, today announced $150 million in debt financing from HSCM Bermuda, who has previously invested in the company. The financing follows a $123 million Series C filed last May and will be used to accelerate traction on an aggressive roadmap and market expansion to fundamentally transform the home c
K2 Insurance Services Sponsors the Launch of American Mobile Insurance Exchange, a New Reciprocal Exchange That Will Provide Mobile Homeowners Insurance Coverage in Florida
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SAN DIEGO, Feb. 2, 2021 /PRNewswire/ K2 Insurance Services, LLC ( K2 ), an insurance services holding company, and New York based private equity firm Lee Equity Partners ( Lee ), announced today the formation of American Mobile Insurance Exchange ( AMIE ), a new reciprocal exchange that will protect mobile homeowners in Florida. AMIE is headquartered in St Petersburg, Florida and has received additional financial support from Hudson Structured Capital Management Ltd., doing its re/insurance business as HSCM Bermuda ( HSCM ), a leading asset manager focused on the re/insurance industry. AMIE has earned a Financial Stability Rating® ( FSR ) of