Zurich Insurance leads SERIES B fundraise for BOXX Insurance

BOXX Insurance, the Toronto headquartered insurtech that combines cyber insurance and security, announced a US$14.4 million Series B funding round, bringing the total amount raised from investors to US$24.5 million in the last 16 months. The latest investment was led by global giant, Zurich Insurance Company Ltd (Zurich). BOXX also today announced that its business met its combined goal to grow 10x in the last 24 months whilst continuing to outperform its underwriting targets. Over 250,000 individuals and 10,000 businesses are protected by BOXX. “Our goal was always to help our customers...

Cyber insurtech BOXX Insurance supercharges leadership team

Toronto-based global cyber insurance specialist BOXX Insurance today announced the appointment of Eric Newman as its Chief Operating Officer, and Steve Penney as Chief Technology Officer. BOXX is modernizing cyber insurance and uses advanced technology to identify and address cyber threats proactively. Newman will support the development of BOXX’s strategic growth agenda leading strategic planning, governance, legal and compliance functions. He will further strengthen BOXX’s leadership team as the company continues to scale globally. “I am delighted to be...

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