The co-founders of London-based Rising Edge aimed to create something different when they decided to launch a managing general agent in 2021, which focuses solely on directors and officers liability insurance. CEO Philippe Gouraud and Managing Director Yoel Brightman wanted …
Digital home insurance company Kin Insurance, Inc. and Omnichannel Acquisition Corp., a special purpose acquisition company, announced they have mutually agreed to terminate their plan to merge. The parties cited “current unfavorable market conditions” for the termination. In December, Kin, …
Kin Insurance, a digital direct-to-consumer home insurer that targets catastrophe-prone areas, said it has has acquired an inactive insurance carrier holding licenses in 43 states. Kin, which has operated in Florida, California, Georgia and Louisiana, first announced the planned purchase …
The U.S. Securities and Exchange Commission’s chairman said on Thursday the regulator is considering toughening rules around how underwriters, boards of directors and sponsors of Special Purpose Acquisition Companies (SPAC) structure fees, issue projections and disclose conflicts. SEC chief Gary …
Israeli fintech Pagaya on Wednesday agreed to go public through a merger with special-purpose acquisition company EJF Acquisition Corp in a deal with an enterprise value of $8.5 billion. The deal will include a $200 million private investment in public …
Singapore Exchange unveiled new rules allowing special purpose acquisition companies (SPACs) to list in the city-state, after easing some measures viewed as too strict by participants, as it seeks to tap a global trend in such listings. SGX’s rules, effective …
Global regulators are teaming up to explore how to regulate blank check company listings after the vehicles earlier this year became the hottest thing in finance before being hit by increased scrutiny and a surge in lawsuits from angry investors. …
The legal tussle around special purpose acquisition companies (SPACs) intensified on Friday as a group of U.S. law firms hit out against lawsuits last week that called for blank-check firms to be regulated as investment companies. SPACs are acquisition vehicles …
Classic car insurance specialist Hagerty is planning to go public in a deal with special purpose acquisition company Aldel Financial Inc. Upon the closing of the transaction, Aldel will be renamed Hagerty, Inc., and become publicly traded, with its common …
Plaintiffs filed 112 new securities class action lawsuits in federal and state courts in the first half of 2021, down 25% from the second half of 2020. This was the lowest number of filings since the first half of 2015, …
