Azur has won the support of co-founders AIG and Ascot as well as fellow insurer Hyperion to develop products targeting the high-net-worth insurance segment.
UK-based insurance technology and services provider Azur has closed a £13.3m ($17m) series B round co-led by insurers AIG, Hyperion Insurance Group and Ascot Group, Insurance Age has reported.
Angel investor Richard Little co-led the round with the corporates. Ascot Group is owned by government-sponsored investment management firm Canada Pension Plan Investment Board.
Azur Underwriting operates as a ‘managing digital agent’ that provides products aimed at the high-net-worth insurance segment to help digitalise and improve the portfolios of insurers, brokers…
