SPAC

London Innovation Underwriters, the entity established by listed special purpose acquisition company Financials Acquisition Corp, which was launched in 2022 by sector executives William Allen and Andrew Rear, is no more, as the initiative failed to secure the investments required and so is winding down the operation.

London Innovation Underwriters, the entity established by listed special purpose acquisition company Financials Acquisition Corp, which was launched in 2022 by sector executives William Allen and Andrew Rear, has lowered its targeted equity raise to up to £300 million, to fund its strategy to access the returns of Lloyd’s underwriting via the London Bridge 2 […]

London Innovation Underwriters has been established by the listed Financials Acquisition Corp, a special purpose acquisition company launched in 2022 by sector executives William Allen and Andrew Rear, with a plan to deploy capital into the Lloyd’s market via London Bridge 2 PCC, to generate insurance-linked returns for investors.

Financials Acquisition Corp, a special purpose acquisition company launched in 2022 by sector executives William Allen and Andrew Rear, is in talks on a deal to launch a £1 billion capacity listed Lloyd’s underwriting investment vehicle, that will use ILS structure London Bridge 2 PCC Ltd. to channel institutional capital into the market.

Financial Acquisition Corp, a new special purpose acquisition company (SPAC) sponsored by FINSAC LLC which plans to raise £150 million through its listing on the London Stock Exchange (LSE), has named experienced ILS practitioner, Aditya Dutt, as part of the sponsor team of the vehicle.

Metromile, the auto insurance focused technology company that recently listed on the Nasdaq after a SPAC acquisition, has added insurance and reinsurance linked investments specialist John Butler from Cohen & Co. to its Board.

The global risk transfer industry is poised for change amid a wave of disruption from numerous sources, a trend accelerated by the impacts of the Covid-19 pandemic and the emergence of SPACs, according to Michael Millette, the Founder and Managing Partner of specialist investment manager Hudson Structured Capital Management.

Fixed income financial services focused investment firm Cohen & Company, LLC is back with another insurance, reinsurance and insurtech focused Special Purpose Acquisition Company, a blank check company or SPAC, with a $253 million target for INSU Acquisition Corp. IV.

Kairos Acquisition Corp., the Hudson Structured Capital Management Ltd. backed insurance, reinsurance and insurtech focused Special Purpose Acquisition Company (SPAC), or blank check company, maximised the size of its capital raise, securing $276 million to put towards an acquisition or combination.

Kairos Acquisition Corp., the new insurance, reinsurance and insurtech focused Special Purpose Acquisition Company (SPAC), or blank check company, that Hudson Structured Capital Management Ltd. is behind, has increased the size of its initial public offering by 20% to raise $240 million.