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NEWS Sibos destined for Boston and Singapore
as the host cities for 2020 and 2021. Sven Bossu, Head of Sibos at SWIFT, says: “After Toronto this year, Sydney in 2018 and London in 2019, we’ll be kicking off a new
S ibos has announced Boston and Singapore
decade by bringing delegates to more of the world’s financial powerhouses. We truly value the desire and commitment shown by the local communities and authorities in both of these fantastic cities, which have become firm friends and allies of Sibos. We look forward to working with them to deliver cutting-edge programmes that help the industry to make sense of a changing world.”
Sibos 2017 will take place on 16th to 19th October at the Metro Toronto Convention Centre.
Scott Thompson
Trov raises $45m for global expansion efforts
it covers, and accelerate the development of new applications that leverage its technology platform. In addition to its investment, Munich Re is expanding its strategic alliance to include underwriting throughout Europe, Asia and South Africa. Sompo, meanwhile, is partnering with Trov to offer its service exclusively throughout Japan.
million Series D round led by Munich Re/HSB Ventures, bringing its total funding to just over $85 million. All of the startup’s Series C investors participated in the round (Oak HC/FT, Suncorp Group, Guidewire and Anthemis). They were joined by Japanese insurer, Sompo Holdings.
U
The new capital will be used to bring Trov’s on-demand insurance for individual items offering to more people around the world, expand the categories of items
S InsurTech venture Trov has closed a $45
“Our early success in Australia and UK is demonstrating that modern consumers want a new way to protect their things. With the additional capital and extensive partnerships, soon millions of people around the world will be empowered to protect the things that enhance their lives whenever and however they want,” says Scott Walchek, CEO and Founder, Trov. “By expanding our partnership with Munich Re and adding Sompo Japan Nipponkoa, we’re building a stable of exceptional partners who will enable us to launch around the world with greater speed, efficiency, and local know-how. The combined capabilities of key global insurance leaders will streamline our regulatory path and increase our go-to-market effectiveness in each new territory we pursue.”
Scott Thompson
www.ibsintelligence.com © IBS Intelligence 2017
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