Parametric specialist Skyline Partners secures further funding

Parametric specialist Skyline Partners has secured additional funding from corporate finance firm West Hill Capital.

Skyline claimed that the new funding round, which secured $1.75 million and was heavily oversubscribed, will support its continued expansion, following increasing traction in the market with brokers looking for innovative parametric solutions, and capacity providers looking to support new index-linked parametric solutions.

The company recently unveiled a ground-breaking parametric deal with Howden and Munich Re to offer protection for Jamaican farmers.

Edward Williams, managing director of West Hill, said: “We are very pleased to have assisted Skyline in raising further development capital. The fundraising enjoyed a high level of support from investors, who are excited by the potential of the company’s proprietary parametric technology, and management’s ability to create a high growth and profitable business in the years ahead.”

Laurent Sabatié, co-founder of Skyline Partners, added: “We are delighted to finalise this second investment raise with West Hill, which will support the continued development and expansion of our business, so that we can quickly build on our successes in the market so far, as we expand our offering, worldwide.”

Skyline has developed products in a number of areas, including natural disasters for the financial institutions sector, and cost of violence for SMEs.

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