Brief: Nord Insuretech Group And Accelerant Holdings Have Signed LOI

Nord Insuretech AB

30/08/2022 14:53

Aug 30 (Reuters) - Nord Insuretech Group AB  NORDIG.ST :
    * AND ACCELERANT HOLDINGS (ACCELERANT) ANNOUNCE TODAY THAT
THEY
HAVE SIGNED A LETTER OF INTENT (LOI)V
    * LETTER OF INTENT (LOI) THAT MAKES IT POSSIBLE FOR NORD TO
START
DELIVERING INSURANCE PRODUCTS TO PARTNERS VIA ITS OWN
CUSTOMIZABLE DIGITAL PLATFORM.
    * LOI SIGNED INCLUDES AN INTENTION TO ENTER INTO A LONG-TERM
AGREEMENT, WHERE ACCELERANT WILL ACT AS RISK BEARER FOR THE
COMPANY
    * INTENTION IS TO LAUNCH THE PARTNERSHIP IN NORWAY FIRST,
WITH A
TARGETED PREMIUM OF NOK 50 MILLION IN THE SMB MARKET BY THE END
OF YEAR TWO

Source text for Eikon:  ID:nWkr4TrnXg 
Further company coverage:  NORDIG.ST 

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