Hudson Structured Capital Management
-
Matt Berdoff, Jason Braunstein and Wendy Wong-Tsang have joined the firm’s partnership. -
The managing general agency is looking for new lines of business, having seen its cyber team and capacity provider depart ahead of renewals earlier this year.
-
The round was led by Telstra Ventures, with other funds involved including Hudson Structured Capital Management and ArcTern Ventures.
-
Existing investors including State Farm Ventures, Formation8 and Brewer Lane Ventures also participated.
-
Investors are seeking to take higher-attaching risks with pure peak peril deals in stronger demand.
-
Helios said the deal is part of a £60mn share offering to fund further Lloyd’s capacity acquisitions.
-
The ILS firm has previously invested with the company.
-
The deal gives life insurer and asset manager Eldridge the opportunity to take an equity stake in the future, with further capital commitments likely.
-
The move follows the company hiring new InsurTech partner Adrian Jones last month.
-
The ex-Scor staffer will work to expand HSCM’s InsurTech business and serve as managing director.
-
The vehicle raised $240mn in an offering priced at $10 a share.
-
The deal is the latest in a slew of recent blank check listings this year.
