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The pact is Tremor’s first integration with a global broker.
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After launching as a flood underwriter, now more than 85% of TypTap’s book is homeowners’ business. -
Founder Lee Van Slyke has taken over the top job, according to the InsurTech’s website.
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The Heritage co-founder said InsurTechs need more insurance expertise and to focus on underwriting margin.
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Kettle will operate as an MGA and “micro-reinsurer”, and sees itself as part of a new wave of InsurTechs.
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The division brings together carriers and MGAs, while providing capital advisory, analysis and modelling support.
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The climate-focused InsurTech has raised $4.2mn and signed up insurance backing from the ILS manager and Munich Re.
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The former Aon Global and RFIB chair is the latest big name at the InsurTech.
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HSCM has become a prolific InsurTech investor in recent years, backing Noblr, Risk Genius, States Title, CyberCube and Metromile.
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The reinsurer will disband its life capital unit, making digital platform iptiQ standalone, as the unit's chief moves to the CUO role.
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While many brokers are embracing clearing platforms, some firms feel threatened by the technology.
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The InsurTech filed for an IPO yesterday.
