Loop Closes $30M Multi-year Reinsurance Deal on AI-Based Auto Product

(Image source: Loop homepage.)

Loop (Austin, Texas), an auto insurance startup MGA with AI-driven processes,  has announced its closing of a multi-year reinsurance agreement led by one of the top three largest reinsurers in the world, rated A+ by A.M. Best, with fronting support by an A-rated carrier. The deal spans across multiple years and multiple states to support Loop’s expansion plans.

John Henry, Cofounder and Co-CEO, Loop.

“We are incredibly excited to partner with best-in-class reinsurance and fronting partners that share our vision for innovation and underwriting excellence,” comments John

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