Insurtech Co. Backed By Swiss Re Becomes Regulated Insurer

Law360, London (November 12, 2019, 12:18 PM GMT) -- An insurance technology business has become the first of its kind in the U.K. to be granted a license to operate as an insurer, offering what is hoped to be a road map for other startups to follow.

Zego, which was handed $42 million in backing by reinsurer Swiss Re in June, said in a statement on Tuesday it has gained a license to operate as a risk carrier with the Gibraltar Financial Services Commission.

Insurers regulated in Gibraltar often have a lower solvency requirement than those regulated by the U.K.’s Prudential Regulation Authority. But they can write business in the...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Related Sections

Companies

Government Agencies