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Oct 7 Reuters reports Ledgebrook raised USD 200 million in primary equity financing led by Allianz X to scale its AI-native specialty insurance platform. Allianz re agreed to enter a multi-year reinsurance agreement with Ledgebrook.
Ledgebrook raised USD 200 million in primary equity financing, co-led by Allianz X.
The E&S-focused insurtech also agreed a multiyear reinsurance deal with Allianz Re. Ledgebrook said the funding will be used to scale its technology and expand its Blackbird underwriting platform.