The purchase will strengthen bolttech's operations in Europe, Asia, and Africa, including expansion of its footprint to four new countires: Poland, Croatia, Lithuania, and South Africa.
bolttech is said to be considering a U.S. IPO to raise between $250m to $300m and based on the firm's valuation of US$1.6bn after its last funding round.
Through its new innovation hub, Howden aims to fast-track insurance product development, with capacity to be provided by Lloyd's underwriters such as Tokio Marine Kiln, Chaucer, and Liberty Specialty...
Enterprise Exposure Manager can provide (re)insurers with a better, more comprehensive understanding of the interconnected risks that exist across their portfolios.
The solution will use TPIsoftware's InsureBrick framework to build a customised system aimed at enhancing the P&C insurer's efficiency, flexibility, and customer service.
The round brings total funding for the insurtech to nearly US$40m, as it aims to scale its SME-focused, subscription-based healthcare insurance offering.
