Browsing Tag
John Chu
2 posts
Bamboo Insurance has $879m of managed premium, but its IPO comes with a $548m debt question
CVC-backed Bamboo Insurance Services has filed for a New York Stock Exchange listing after managed premium approached $879 million and first-half revenue grew 40%. The capital-light insurance model is producing strong adjusted margins, but a $548 million term loan, declining GAAP profit and catastrophe exposure will make the eventual IPO price critical.
Bamboo Insurance acquires certain assets of First American Property and Casualty Insurance Agency
Bamboo Insurance, an Utah-based insurtech company, has acquired some of the assets of First American Property and Casualty…