Hiscox and MS&AD-backed insurance-risk trading marketplace Akinova is looking to raise series B cash as it prepares to grow its operations.

Akinova, the UK-based insurance-risk trading service backed by several insurance firms, has begun raising series B funding, it has announced. Founded in 2017, Akinova has created a digital platform where brokers can transfer and trade insurance risk and insurance-linked securities (ILS), increasing liquidity in the reinsurance market. One of the key areas it is intended…

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