View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
August 3, 2020

Cohen & Company rolls out acquisition vehicle to tap reinsurance opportunities

By Verdict Staff

Cohen & Company, a financial services company specialising in fixed income markets, has launched a special purpose acquisition company (SPAC)INSU Acquisition Corp. II.

The move comes as the company is looking to raise around $207m to tap investment opportunities in reinsurance and insurtech segments, reported Reinsurance News.

The company aims to sell 20.125 million shares with each share valued at $10, with a maximum offering of $201.25m following the accounting of over-allotments.

Twelve Capital former managing partner John Butler will head the new SPAC company while Cohen & Co-founder Daniel Cohen will become the chairman.

Last year, Cohen & Company, in collaboration with Insurance Acquisition Corp, launched a SPAC to acquire and merge with other insurance firms.

Earlier this month, the company’s investment advisory subsidiary Cohen & Company Financial (Europe) Limited (CCFEL)completed a host of closed-end investment vehicles with combined commitments of more than €375m.

In June,  Insurance Acquisition Corp entered into a definitive merger agreement with automotive e-commerce firm Shift Technologies.

Founded in 1999, Cohen & Company specialises in segments such as capital markets, asset management, and principal investing.

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy


Thank you for subscribing to Life Insurance International