Hagerty raises $105m in capital from State Farm, Markel Group & Hagerty family

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Reinsurance News - Jun 26, 2023

Specialty insurance provider Hagerty has raised $105 million in capital from strategic investors, including State Farm, Markel Group and the Hagerty family. According to the firm, the capital raise is comprised of $80 million of convertible preferred equity, which closed on June 23 2023, as well as...

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