HSCM co-leads $30m investment in auto insurtech DealerPolicy
Hudson Structured Capital Management (HSCM Bermuda) has co-led a $30 million Series B investment in automotive retail digital insurance marketplace DealerPolicy.
The funding led by 3L Capital and HSCM will be used to accelerate the development of its insurtech platform for the auto industry and to expand its leadership team.
The company's next phase of growth will be supported by the addition of Wayne Pastore as president and chief operating officer, and Tara Kasica as senior vice president of sales.
Pastore, who brings deep expertise in business operations and digital retailing, and Kasica, a leader in both automotive F&I and personal insurance.
Pastore previously served as vice president and general manager of Dealer.com. He also held numerous leadership positions throughout Cox Automotive and DealerTrack.
Kasica joins the company from Allstate, where she was responsible for overseeing countrywide deployment, production, retention, and growth of dealership owned insurance agencies.
Travis Fitzgerald, CEO of DealerPolicy, said: "With an ever-expanding value proposition to dealers, insurance carriers and customers, we are prepared to continue investing in growth."
Did you get value from this story? Sign up to our free daily newsletters and get stories like this sent straight to your inbox.
Already registered?
Login to your account
If you don't have a login or your access has expired, you will need to purchase a subscription to gain access to this article, including all our online content.
For more information on individual annual subscriptions for full paid access and corporate subscription options please contact us.
To request a FREE 2-week trial subscription, please signup.
NOTE - this can take up to 48hrs to be approved.
For multi-user price options, or to check if your company has an existing subscription that we can add you to for FREE, please email Elliot Field at efield@newtonmedia.co.uk or Adrian Tapping at atapping@newtonmedia.co.uk
Editor's picks
Editor's picks
More articles
Copyright © intelligentinsurer.com 2024 | Headless Content Management with Blaze