23 September 2020

Carey Olsen supports Eos on debut Strategic InsurTech fund

Carey Olsen's corporate team has advised Eos Venture Partners (Eos) on the launch and final close of its Strategic InsurTech Fund, which has already begun investing in global InsurTech companies.

Eos, which was founded in 2016, has US$85 million under management and will invest in early and growth stage technology businesses that accelerate innovation and transformation across the insurance industry. Investors comprise insurers and reinsurers from across the globe, including the likes of Tokio Marine and Direct Line Group.

The Carey Olsen team advising on aspects of the fund's structuring, establishment and closing was led by Guernsey partner David Crosland with assistance from senior associateĀ Matt Brehaut.

David said: "We're delighted that Carey Olsen has been able to support Eos on the launch of its debut fund. The successful closing of Strategic InsurTech Fund is a fantastic effort by Eos, particularly given the current economic landscape, and underlines the confidence in Eos as an investor in the burgeoning InsurTech sector."