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1

About Pelican Ventures

Pelican Ventures is a private investment firm established by world-class insurance executives with a proven track record of founding, growing, and operating some of the industry’s most enduring and successful franchises.

Pelican Ventures Headquarter Location

New York, New York, 10014,

United States

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Latest Pelican Ventures News

Ariel Re enjoys further backing from Berkshire Hathaway

Jan 12, 2022

| Insurance Business Asia Specialty reinsurance underwriting company Ariel Re, which was snapped up by Pelican Ventures and J.C. Flowers & Co. from Argo Group in 2020, has expanded its strategic alignment with Berkshire Hathaway subsidiary National Indemnity Company (NICO). In a release, Ariel Re said NICO has not only extended its underwriting commitment to Syndicate 1910 through a multi-year quota share agreement but has also invested in new Ariel Re convertible notes. With offices in Bermuda, the UK, and Hong Kong, Ariel Re operates principally through Syndicate 1910 in London. “This long-term strategic partnership with the Berkshire Hathaway reinsurance division will add tremendous value to Ariel Re and our ability to continue investing, innovating, and enhancing our client product solutions and services,” stated Ariel Re chair Jim Stanard. “We plan for Berkshire Hathaway to be our long-term, cornerstone strategic partner as we build and expand Ariel Re’s underwriting capacity with other high-quality, long-term partners.” Born in 2005, Ariel Re also offers access to Lloyd’s Europe via Syndicate 5336. Commenting on the development, Ariel Re chief executive Ryan Mather said: “We have welcomed the opportunity to work with the Berkshire Hathaway reinsurance division team over this past year as a key partner and capital provider. Their insights on global macro trends and creative solutions have been very valuable to us and we look forward to working with them for years to come.” Meanwhile J.C. Flowers managing director and co-president Eric Rahe added that they are “extremely pleased” to have a partner of Berkshire Hathaway’s calibre and reinsurance insight endorse Ariel Re. Related stories:

Pelican Ventures Investments

1 Investments

Pelican Ventures has made 1 investments. Their latest investment was in GetCovered as part of their Series A on November 11, 2021.

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Pelican Ventures Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

11/9/2021

Series A

GetCovered

$7M

Yes

2

Date

11/9/2021

Round

Series A

Company

GetCovered

Amount

$7M

New?

Yes

Co-Investors

Sources

2

Pelican Ventures Acquisitions

1 Acquisition

Pelican Ventures acquired 1 company. Their latest acquisition was Ariel Re on November 02, 2020.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

11/2/2020

Convertible Note

$99M

Acq - Fin - IV

10

Date

11/2/2020

Investment Stage

Convertible Note

Companies

Valuation

$99M

Total Funding

Note

Acq - Fin - IV

Sources

10

Pelican Ventures Team

2 Team Members

Pelican Ventures has 2 team members, including current Managing Director, Andrew Hogbin.

Name

Work History

Title

Status

Andrew Hogbin

Managing Director

Current

Winchester Hotchkiss

Managing Director

Current

Name

Andrew Hogbin

Winchester Hotchkiss

Work History

Title

Managing Director

Managing Director

Status

Current

Current

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