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Cyber insurance startup Coalition acquires privacy assistant Jumbo

TechCrunch: M&A

Coalition offers cybersecurity insurance products that take advantage of proactive cybersecurity tools. More recently, Jumbo partnered with IdentityForce to offer identity theft insurance in the U.S. In its most recent funding round , the company raised a $250 million Series F investment at a valuation of $5 billion.

Insurance 198
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Private Equity: General Partner Liability Insurance

Deal Lawyers

Woodruff Sawyer recently issued its “Guide to Insuring Fund Liability Risks for Venture Capital and Private Equity Firms.” ” The publication provides an overview of the key coverages and claims scenarios.

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FDIC Proposes Broader Role Under the Change in Bank Control Act

JD Supra: Mergers

On July 30, 2024, the Federal Deposit Insurance Corporation (FDIC) issued a notice of proposed rulemaking (NPR) that would expand the FDIC’s role under the Change in Bank Control Act of 1978 (CBCA). The NPR was adopted by a 3-to-2 vote, with Vice-Chair Travis Hill and. By: Morrison & Foerster LLP

Bank 177
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Insurance Coverage for Secondaries: Market Trends

JD Supra: Mergers

GPs in particular use secondaries to offer liquidity to their legacy fund investors while holding on to promising portfolio companies that need more time to mature. By: Woodruff Sawyer

Insurance 130
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The Standard Formula: A Guide to Solvency II – Chapter 5: The Matching Adjustment

JD Supra: Mergers

Background to the Matching Adjustment - “Where insurance and reinsurance undertakings hold bonds or other assets with similar cash flow characteristics to maturity, they are not exposed to the risk of changing spreads on those assets.

Insurance 171
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TorQuest Partners racks up $2.1bn for sixth fund

PE Hub

Fund VI's limited partners include including public and private pension plans, endowments, sovereign wealth funds, financial institutions, insurance companies and family offices. The post TorQuest Partners racks up $2.1bn for sixth fund appeared first on PE Hub.

Funds 79
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A ‘Shadow’ Lending Market in the U.S., Funded by Insurance Premiums

The New York Times: Banking

Apollo was the first to use annuities to build a major financing business. Others followed, driving the growth of the private lending market and worrying regulators.

Insurance 105