Hiscox and MS&AD-backed insurance-risk trading marketplace Akinova is looking to raise series B cash as it prepares to grow its operations.
Akinova, the UK-based insurance-risk trading service backed by several insurance firms, has begun raising series B funding, it has announced.
Founded in 2017, Akinova has created a digital platform where brokers can transfer and trade insurance risk and insurance-linked securities (ILS), increasing liquidity in the reinsurance market. One of the key areas it is intended to serve involves cyber risk.
Insurance groups Hiscox and MS&AD provided an undisclosed amount Akinova in January 2019 through subsidiaries Hiscox Re and MS&AD Ventures,…
