Third Point Reinsurance Ltd. has entered into a relationship with Noblr Inc. through a combination of a minority equity investment and reinsurance, the company announced.
Terms of the deal weren’t disclosed.
San Francisco, Calif.-based Noblr is a technology-driven company co-founded by Gary Tolman and Jason Foucher to create an insurance product that leverages telematics and actuarial data to give drivers feedback and real-time rates based on driving behavior.
Noblr’s initial focus is on personal auto insurance in the U.S., having recently launched in Colorado.
Third Point Reinsurance is a public company listed on the New York Stock Exchange, which through its wholly owned subsidiaries writes property/casualty reinsurance business.
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