The Bermuda insurer, backed by OpenAI’s Sam Altman, has now raised more than US$180m as demand for its policies rises in Asia, Europe and the Middle East.
The first product's participating fund will invest in private credit, infrastructure and real estate, as rivals seek to build multi-jurisdiction platforms for wealthy Asian families.
As the region's wealthy population expands, insurers are investing in global HNW platforms and bigger underwriting limits while navigating emerging risks from premium financing and portfolio concentra...