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Validus earmarks $25mn or capital for InsurTech ventures

  • Publish Date: Posted about 7 years ago

Validus has put $25mn aside to invest in InsurTech ventures which will be invested into the Aquiline LLC fund. Speaking about the decision to invest in the Aquiline fund chairman and chief executive officer at Validus, Ed Noonan, said that they had a good track record in this market and that if they were to set one up themselves it would take a venture capital expert that wasn’t in their current skill set. Aquiline is able to provide InsurTech venture capital staff and will be able to dissect each deal as it is made. A number of companies are following the lead of Axa and Munich Re in investing in InsurTech due to the opportunities that are available in the space.