Hartford, Conn., Mar. 15, 2018 – Hartford InsurTech Hub, powered by Startupbootcamp, announces its latest collaboration with international law firm, Clyde & Co. The firm will act as Hartford InsurTech Hub’s exclusive legal partner, providing the startups in the Hartford program with high level advice on how to tackle the legal issues they might experience.
Clyde & Co is a world-renowned law firm with specialist expertise in the insurance sector, covering a broad range of corporate and insurance regulatory areas, including entity licensing, and products. By bringing the team on-board, the aim is to provide comprehensive coverage of the issues that are most pressing for the startups. These challenges might include, but are not limited to: incorporating in different jurisdictions, as not all of the startups are US based; and direction on looking to do business in a highly regulated industry, such as insurance.
The announcement follows the news that leading claims management firm, Crawford & Company, has partnered with Hartford InsurTech Hub in recent months. Clyde & Co joins the list of respected industry names working with Hartford InsurTech Hub, in addition to Crawford & Company: Cigna, The Hartford, Travelers, USAA, White Mountains, and CTNext.
Sabine VanderLinden, CEO, Startupbootcamp InsurTech says: “We are elated to welcome such a prestigious law firm as Clyde & Co on-board as our newest collaborator. The wealth of specialist insurance knowledge that the Clyde & Co team brings will be invaluable and a great fit to deliver much needed legal expertise to the startups.”
Vikram Sidhu, Partner at Clyde & Co, says: “We are delighted to be working with Hartford InsurTech Hub, and hope to provide guidance to the startups on their most pressing legal challenges and be part of the development of their businesses. By providing legal mentoring, clinics and resources on insurance regulation and corporate matters, we aim to help the startups navigate the world of insurance laws and regulations as they launch their dreams.”
Erika Bothma, Program Director, Hartford InsurTech Hub adds: “We’re thrilled to have the Clyde & Co team on board for the program, and I look forward to connecting them with our startups, so the startups can take full advantage of the legal insight they have to offer.”
Artificial Intelligence (AI), Big Data Analytics and Natural Language Processing combined with Cyber Security, Smart Home and Health Insurance, to name but a few, display the diverse range of technologies and insurance types that are exhibited by the group of 10 companies that have been selected. Hartford InsurTech Hub’s inaugural Demo Day will take place on April 18th, showcasing the 10 startups and celebrating the transformation they have gone through, and the results they have achieved since the beginning of the program in January.
For more information about Hartford InsurTech Hub and the startups in the program, visit: https://hartfordinsurtechhub.com/
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About Hartford InsurTech Hub
The InsurTech Accelerator, powered by Startupbootcamp, is the first component of Hartford InsurTech Hub, an initiative established in 2017 by Hartford insurance companies, the City of Hartford, and CTNext. Focused on addressing the need for attracting new technologies and talent in insurance and technology into the City of Hartford and the local ecosystem, the program partners include Cigna, The Hartford, Travelers, CTNext, USAA, White Mountains and Crawford & Company. It will stretch its reach to other cities in Connecticut to create a thriving spirit of collaboration and innovation between its partners, entrepreneurs and investors, while leveraging Startupbootcamp’s global network of capabilities and a structured delivery approach. For more information, visit: https://hartfordinsurtechhub.com/
Hartford InsurTech Hub is part of Startupbootcamp, the award-winning global network of industry-focused accelerator programs, and home of Startupbootcamp InsurTech London. With 20+ programs in Europe, Asia, North & South America, MENA & Africa, selected startups gain access to the most relevant mentors, partners, and investors in their industry. For more information visit: http://www.startupbootcamp.org
About Clyde & Co
Clyde & Co is a leading, sector-focused global law firm with 390 partners, 2000 legal professionals and 3600 staff in over 50 offices and associated offices on six continents. Its core global sectors position it at the heart of global trade and commerce: insurance, trade & commodities, energy, transport and infrastructure. With a strong emerging markets focus, the firm has achieved compound average annual revenue growth of 12% over the last five years, making it one of the fastest growing law firms in the world with ambitious plans for further growth. Clyde & Co was named Transatlantic Law Firm of the Year 2017 by The American Lawyer/Legal Week. https://www.clydeco.com/