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reThought Insurance company logo
FINANCIAL | Insurance / Property & Casualty
rethoughtinsurance.com

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Founded Year

2017

Stage

Series A | Alive

Total Raised

$17.36M

Last Raised

$15.5M | 9 mos ago

About reThought Insurance

reThought Insurance provides flood policies through brokers or direct to end-customers with insurance backing provided by a large insurance or insurance capital entity.

reThought Insurance Headquarter Location

11001 W 120th Ave

Broomfield, Colorado, 80021,

United States

617-549-9237

Latest reThought Insurance News

reThought in Colorado Raises $15.5M in Series A Funds

Aug 4, 2021

August 4, 2021 Broomfield, Colo.–based managing general agent reThought Insurance announced the completion of a $15.5 million Series A investment round that will help fund its growth in the flood insurance market. Led by Telstra Ventures, the fundraising also includes participation from Hudson Structured Capital Management, doing reinsurance business as HSCM Bermuda, and ArcTern Ventures. HSCM’s Andrew Sagon and Telstra Ventures’ Marcus Bartram have joined the reThought board. Existing venture funds invested in the insurtech include Menlo Ventures, ManchesterStory and Streamlined Ventures. reThought currently focuses on writing flood coverage for complex mid-tier commercial risks and high net worth properties but is also developing offerings for other perils. The raise will provide funding for the continued development of software and data sources, including the firm’s proprietary model convergence engine and its high-definition risk data engine, as well as expansion of the sales team and technical resources. There will also be investment in operational capabilities to be able to handle increased volumes of business and support faster growth. reThought launched in 2017 by co-founders CEO Cory Isaacson, Chief Innovation Officer Nicholas Lamparelli, and President of reThought Specialty James Rice, as a response to protecting against flood risk amid climate change.

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Expert Collections containing reThought Insurance

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

reThought Insurance is included in 2 Expert Collections, including InsurTech.

I

InsurTech

1,630 items

Companies and startups that use of technology to improve core and ancillary insurance operations. Companies in this collection are creating new product architectures, improving underwriting models, accelerating claims and creating a better customer experience

F

Fintech

6,976 items

US-based companies

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