Noblr Received Strategic Equity Investment from Third Point Re

▤ Summary

Noblr, a San Francisco, CA-based technology-driven company creating an insurance product rewarding good drivers for making smart decisions, received a minority equity investment and reinsurance from Third Point Reinsurance Ltd. (NYSE: TPRE). The amount of the deal was not disclosed. The company will use the funds to grow the business. Co-founded by Gary Tolman and Jason Foucher, Noblr is building a community of responsible drivers by leveraging telematics data, actuarial insight, and product innovation and design to give drivers feedback and real-time rates based on their actual driving behavior. The company’s initial focus is on personal auto insurance in the United States having recently launched in Colorado.

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