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Iag Backs Tic:Toc In $54M Raise To Disrupt Insurance

Iag Backs Tic:Toc In $54M Raise To Disrupt Insurance

12/15/22, 6:04 PM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/AU.svgsydney
Money raised
$54 million
Industry
insurance
Investors
Firemark Ventures, Regal Funds Management
Mortgage disruptor Tic:Toc plans to add insurance products to its technology platform after closing a $54 million funding round that values the business at $254 million and gives it more breathing space to prepare for an initial public offering.

Company Info

Company
IAG
Location
sydney, new south wales, australia
Additional Info
IAG is Australia and New Zealand's largest general insurance company with a purpose to make your world a safer place, whether you are a customer, partner, employee, shareholder or part of the communities IAG serves across Australia and New Zealand. Our businesses have helped people recover from natural disasters, accidents and loss since 1851. In Australia and New Zealand we provide insurance under many leading brands, including NRMA Insurance, CGU, SGIO, SGIC and WFI; and NZI, State, AMI and Lumley Insurance (New Zealand). We also have interests in general insurance joint ventures in Malaysia and India. Increasingly, we see our role extending beyond paying claims to increasing awareness of risk, and helping communities reduce and prevent risk. We believe it is our responsibility as an industry leader to use our influence and role as a major investor, purchaser and employer for the good of everyone. For further information please visit www.iag.com.au.

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