REG - Ondo InsurTech PLC - Appointment of Dowgate Capital

Ondo InsurTechAnnouncement

30/10/2023 07:15

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RNS Number : 6190R  Ondo InsurTech PLC  30 October 2023

30 October 2023

 

 

Ondo InsurTech Plc

("Ondo", or the "Company")

 

Appointment of Dowgate Capital as Broker and Financial Adviser

 

Ondo InsurTech Plc (LSE: ONDO), a leading company in claims prevention
technology for home insurers, is pleased to announce the appointment of
Dowgate Capital Limited as the Company's Broker and Financial Adviser with
immediate effect.

 

Enquiries:

Ondo InsurTech Plc               +44 (0) 8007 839 866

 Craig Foster, CEO

 Kevin Withington, CFO

 Dowgate Capital Limited          +44 (0) 20 3903 7715

 Broker & Financial Adviser

 Russell Cook

 Nick Chambers

 Cassiopeia Services Ltd          +44 (0) 7949 690 338

 PR & Investor Relations

 Stefania Barbaglio

 

 

About Ondo InsurTech PLC

 

Ondo InsurTech Plc is a world leading provider of claims prevention technology
for home insurers.  Ondo's focus is on the global scale-up of LeakBot -
claims prevention technology that prevents water damage claims in houses.
Water damage is the single biggest cause of home insurance claims, accounting
for [an estimated] $17bn of claims every year in the USA and UK combined.
LeakBot is a patented self-install solution that connects to the home wireless
network and, if it detects a leak, notifies the customer via the LeakBot
mobile app and provides access to a team of expert LeakBot engineers to 'find
and fix' the problem.  Recent independent research by Consumer Intelligence
found LeakBot can reduce the cost of water damage claims by 70%.

 

LeakBot partners with 14 insurance carriers - including Admiral, Direct Line
Group, Hiscox, Mapfre and TopDanmark - across 5 different countries, in Europe
and the USA.

 

 

For more information, visit www.ondoplc.com

 

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