Tag: Lloyd’s of London

M2 Recovery, a prominent InsurTech firm, has recently unveiled a novel insurance product specifically designed to address the legal expenses associated with the recovery of stolen digital assets.

Lloyd’s, the global marketplace for corporate, commercial and speciality risk today announced the 13 InsurTech firms joining the 10th cohort of its innovation hub, the Lloyd’s Lab.

Lloyd’s of London has set aside $1.26bn to cover claims related to the war in Ukraine, which it said is a similar size to a “small to medium-sized natural catastrophe.”

Newly established InsurTech startup Ki Insurance has landed a $500m investment from Tactical Opportunities, the opportunistic investment division of Blackstone.

Layr, which helps small businesses customise commercial insurance bundles, has bagged $5m for its seed round.

Lloyd’s of London has begun the global search for the second cohort to its InsurTech accelerator programme.