Hudson Structured Capital Management

Hudson Structured Capital Management is a privately owned investment manager based in Stamford, Connecticut, founded in 2015. The firm specializes in investing in reinsurance and insurance-linked assets across various lines of business and instruments, aiming to optimize relative value and mezzanine-level risk. Additionally, Hudson Structured focuses on the transportation sector, particularly through transportation equipment finance, prioritizing equipment types that address essential economic needs within supportive industry and regulatory frameworks. As a Registered Investment Adviser, the firm employs its strategies to navigate opportunities in both the insurance and transportation markets.

Michael Millette

Co-Founder and Managing Partner

25 past transactions

Buckle

Debt Financing in 2022
Buckle Agency LLC, operating as Buckle, specializes in providing online insurance products tailored for drivers, particularly those engaged in rideshare, food delivery, and goods transportation services. Founded in 2018 and headquartered in Atlanta, Georgia, Buckle offers a range of insurance options, including basic coverage for bodily injuries and property, full coverage for vehicle accidents and theft, as well as customized mixed coverage solutions. The company utilizes cloud-based underwriting technology to streamline the insurance process, making it more accessible and cost-effective for drivers who turn their personal vehicles into revenue-generating assets. Buckle aims to deliver transparent transactions and innovative engagement, ensuring that its clients receive the insurance coverage that meets their specific needs.

Layr

Series A in 2022
Layr Holdings, Inc. operates as an online insurance agency catering to business owners and entrepreneurs across the United States. Founded in 2019 and based in Atlanta, Georgia, Layr provides an AI-powered platform that automates traditional insurance processes, simplifying the sourcing, purchasing, and management of business insurance. Users can customize their insurance policies and coverage limits to meet their specific needs through a self-service portal. The platform leverages artificial intelligence to recommend appropriate policies and predict pricing, enabling businesses to secure tailored insurance efficiently and effectively.

Kin Insurance

Series D in 2022
Kin Insurance, Inc. is an insurance agency founded in 2016 and headquartered in Chicago, Illinois, with additional offices in St. Petersburg, Florida. The company specializes in home insurance products, offering a range of coverage options including homeowners, mobile home, condo, flood, manufactured home, landlord, umbrella, hurricane, wildfire, and second home insurance. Kin Insurance utilizes an online platform that simplifies the application process, allowing customers to customize their policies based on thousands of property data points. This approach ensures that homeowners receive personalized and affordable coverage tailored to their specific needs. With payment processing facilities in Palatine and Chicago, Kin Insurance aims to provide a user-friendly experience while helping clients secure their assets effectively.

Ascend

Series A in 2022
Ascend is a modern, all-in-one payments solution purpose-built for insurance. We automate insurance payments end-to-end — from online customer payments including premium financing to the distribution of commissions and carrier payables. We help digital distributors sell more insurance by simplifying operations, reducing payment friction and delivering the modern checkout experience customers expect.

Mulberry

Series B in 2021
Mulberry, founded in 2018 and based in New York, provides a platform for personalized product protection solutions, specializing in extended warranty coverage for e-commerce customers. The company utilizes artificial intelligence to facilitate connections between insurers, brands, and consumers, enabling the seamless signing of contracts and launching of warranty programs for various product categories, including electronics, furniture, jewelry, and fitness equipment. By offering a suite of integration options, Mulberry allows businesses to embed customized protection programs into their customer journeys, streamlining the process of product insurance and enhancing operational efficiency. Through its innovative approach, Mulberry aims to help brands unlock additional revenue while providing consumers with essential coverage for their purchases.

Polly

Series C in 2021
Dealer Policy is an insurance company that instantly provide customers with 20 competitive insurance quotes from participating dealers. Instead of filling out the same information repeatedly for a competitive quote, users can now enjoy a hassle free transaction.

Kin Insurance

Series C in 2021
Kin Insurance, Inc. is an insurance agency founded in 2016 and headquartered in Chicago, Illinois, with additional offices in St. Petersburg, Florida. The company specializes in home insurance products, offering a range of coverage options including homeowners, mobile home, condo, flood, manufactured home, landlord, umbrella, hurricane, wildfire, and second home insurance. Kin Insurance utilizes an online platform that simplifies the application process, allowing customers to customize their policies based on thousands of property data points. This approach ensures that homeowners receive personalized and affordable coverage tailored to their specific needs. With payment processing facilities in Palatine and Chicago, Kin Insurance aims to provide a user-friendly experience while helping clients secure their assets effectively.

Corvus

Series C in 2021
Corvus Insurance Agency, LLC, founded in 2017 and headquartered in Boston, Massachusetts, specializes in AI-driven commercial insurance services. The company offers a unique platform called CrowBar, which provides brokers and policyholders with on-demand access to essential policy information, claims reporting, and dynamic loss prevention recommendations. By leveraging big data and artificial intelligence, Corvus enhances risk selection and management, offering proprietary Dynamic Loss Prevention reports that identify critical risk areas and deliver actionable security recommendations. With additional offices in major cities including New York, Chicago, Los Angeles, Dallas, and Atlanta, Corvus aims to empower brokers and clients to predict and mitigate risks effectively, streamlining administrative processes and improving overall insurance outcomes.

Metromile

Post in 2021
Metromile is the provider of pay-per-mile car insurance company in the U.S. Powered by data science and machine learning, the company is disrupting a $250 billion auto insurance category. Metromile is building a loyal community of drivers who come for the savings and stay for the experience. AVA, Metromile's AI-driven claims system, is designed to speed up the process of verifying and paying out insurance claims. Using Metromile Pulse sensor data, AVA can reconstruct the scene of an accident to instantly determine if claim details are accurate. When the claim is verified, Metromile is able to automatically approve payments within seconds.

Polly

Series B in 2021
Dealer Policy is an insurance company that instantly provide customers with 20 competitive insurance quotes from participating dealers. Instead of filling out the same information repeatedly for a competitive quote, users can now enjoy a hassle free transaction.

DealerPolicy Insurance

Series B in 2021
DealerPolicy Insurance works hard to build life-long relationships built on transparency, trust and integrity. We provide you amazing purchase and service experiences, and everyday value for your insurance investment.

Dayforward

Series A in 2020
Developer of a life insurance platform intended to bring financial security to families across America. The company's platform offers personalized policies that guarantee continued income to the beneficiaries if the policyholder passes away, enabling individuals to purchase the right insurance for their families online.

Kin Insurance

Series B in 2020
Kin Insurance, Inc. is an insurance agency founded in 2016 and headquartered in Chicago, Illinois, with additional offices in St. Petersburg, Florida. The company specializes in home insurance products, offering a range of coverage options including homeowners, mobile home, condo, flood, manufactured home, landlord, umbrella, hurricane, wildfire, and second home insurance. Kin Insurance utilizes an online platform that simplifies the application process, allowing customers to customize their policies based on thousands of property data points. This approach ensures that homeowners receive personalized and affordable coverage tailored to their specific needs. With payment processing facilities in Palatine and Chicago, Kin Insurance aims to provide a user-friendly experience while helping clients secure their assets effectively.

Buckle

Series A in 2020
Buckle Agency LLC, operating as Buckle, specializes in providing online insurance products tailored for drivers, particularly those engaged in rideshare, food delivery, and goods transportation services. Founded in 2018 and headquartered in Atlanta, Georgia, Buckle offers a range of insurance options, including basic coverage for bodily injuries and property, full coverage for vehicle accidents and theft, as well as customized mixed coverage solutions. The company utilizes cloud-based underwriting technology to streamline the insurance process, making it more accessible and cost-effective for drivers who turn their personal vehicles into revenue-generating assets. Buckle aims to deliver transparent transactions and innovative engagement, ensuring that its clients receive the insurance coverage that meets their specific needs.

Branch

Series A in 2020
Branch is a financial technology company that partners with employers to provide hourly workers with accessible banking services. It aims to help employees manage their finances by offering a zero-fee bank account, free instant access to earned wages, and auto-budgeting tools. This service not only assists employers in attracting and retaining talent but also reduces costs associated with traditional payment methods like paper checks and paycards. By positioning itself as a financial wellness benefit, Branch addresses the needs of working Americans, promoting financial growth and stability.

Ladder

Series C in 2020
Ladder Financial Inc. is an online platform that specializes in term life insurance services, operating from Palo Alto, California since its incorporation in 2015. The company offers instant, fully underwritten life insurance policies directly to consumers, simplifying the application process by removing the need for commissioned sales agents. Ladder aims to address the significant life insurance gap in the United States by providing competitive pricing, transparency, and flexible coverage options that can be adjusted or canceled at any time. By leveraging advanced technology and a direct-to-consumer model, Ladder seeks to enhance accessibility and fairness in life insurance, ultimately supporting underinsured families and communities.

Gracie Point

Funding Round in 2020
Gracie Point Holdings, LLC is a boutique specialty finance company based in New York that specializes in providing loan programs for the life insurance market. The firm offers innovative financing solutions tailored to meet the needs of high-net-worth individuals and institutional clients, including options for single life, multi-life, new business, and in-force policies. Gracie Point also facilitates the refinancing of existing premium finance loans and policy loans. The company leverages multiple capital sources, such as bank lending and proprietary capital markets products, to deliver cost-effective financing solutions. Established in 2010, Gracie Point draws on decades of experience in life insurance and structured finance to assist clients in aligning their leveraged life insurance strategies with their financial, estate, business, and philanthropic goals.

Bold Penguin

Series B in 2019
Bold Penguin is a commercial insurance exchange that connects customers, agents, and carriers to match the right quote in record time. With a heavy focus on the agents, Bold Penguin pushes the boundaries of user experience for businesses, an easy tool for agents, and a streamlined process of underwriting for carriers. The company operates an Exchange which utilizes a set of solutions to identify, triage, quote, and bind commercial insurance in a highly efficient and tech-enabled way. It plans to deliver on the platform enhancements which include more flexibility in how the core technology is leveraged by enterprise customers, expanding in excess and surplus lines. The Company offers a streamlined process of underwriting for carriers in commercial property and casualty insurance services. Bold Penguin was founded in 2016 and is headquartered in Columbus, Ohio, USA.

Kin Insurance

Debt Financing in 2019
Kin Insurance, Inc. is an insurance agency founded in 2016 and headquartered in Chicago, Illinois, with additional offices in St. Petersburg, Florida. The company specializes in home insurance products, offering a range of coverage options including homeowners, mobile home, condo, flood, manufactured home, landlord, umbrella, hurricane, wildfire, and second home insurance. Kin Insurance utilizes an online platform that simplifies the application process, allowing customers to customize their policies based on thousands of property data points. This approach ensures that homeowners receive personalized and affordable coverage tailored to their specific needs. With payment processing facilities in Palatine and Chicago, Kin Insurance aims to provide a user-friendly experience while helping clients secure their assets effectively.

Kin Insurance

Convertible Note in 2019
Kin Insurance, Inc. is an insurance agency founded in 2016 and headquartered in Chicago, Illinois, with additional offices in St. Petersburg, Florida. The company specializes in home insurance products, offering a range of coverage options including homeowners, mobile home, condo, flood, manufactured home, landlord, umbrella, hurricane, wildfire, and second home insurance. Kin Insurance utilizes an online platform that simplifies the application process, allowing customers to customize their policies based on thousands of property data points. This approach ensures that homeowners receive personalized and affordable coverage tailored to their specific needs. With payment processing facilities in Palatine and Chicago, Kin Insurance aims to provide a user-friendly experience while helping clients secure their assets effectively.

RiskGenius

Series B in 2019
RiskGenius is a technology company that specializes in enhancing the insurance policy review process through its innovative platform, which applies artificial intelligence. Founded in 2011 and based in Overland Park, Kansas, RiskGenius provides clients with custom algorithms and workflow modules designed to simplify the understanding of complex policy language. This allows for improved underwriting workflows and contributes to the automation of policy management. The company's offerings are particularly valuable to a diverse clientele that includes sureties, claim professionals, attorneys, and other stakeholders within the insurance industry. By leveraging advanced technology, RiskGenius aims to transform the traditional methods of reviewing and managing insurance policies.

Tensorflight

Series A in 2019
Tensorflight specializes in providing accurate and comprehensive commercial property data through its advanced property intelligence platform. Utilizing machine learning, artificial intelligence, and computer vision, the company analyzes various image types, including aerial imagery, to develop a global database of buildings. This platform delivers detailed features such as building footprints, square footage, number of stories, construction types, and roof attributes. By offering structured property data, Tensorflight enables insurance companies to enhance their underwriting and claims processes, allowing them to better price premiums and assess risks associated with their portfolios.

Corvus

Series A in 2018
Corvus Insurance Agency, LLC, founded in 2017 and headquartered in Boston, Massachusetts, specializes in AI-driven commercial insurance services. The company offers a unique platform called CrowBar, which provides brokers and policyholders with on-demand access to essential policy information, claims reporting, and dynamic loss prevention recommendations. By leveraging big data and artificial intelligence, Corvus enhances risk selection and management, offering proprietary Dynamic Loss Prevention reports that identify critical risk areas and deliver actionable security recommendations. With additional offices in major cities including New York, Chicago, Los Angeles, Dallas, and Atlanta, Corvus aims to empower brokers and clients to predict and mitigate risks effectively, streamlining administrative processes and improving overall insurance outcomes.

Goji

Venture Round in 2017
Goji is an American online insurance agency headquartered in Boston, Massachusetts, specializing in home and auto insurance. Established in 2007, the company utilizes a data-driven platform that merges human expertise with advanced technology to assist customers in finding the most suitable insurance policies at competitive prices. Goji enables users to compare rates from leading insurance providers, offering a personalized online insurance concierge service that delivers real-time, value-based quotes tailored to individual coverage needs. This innovative approach has allowed Goji to serve hundreds of thousands of Americans in their quest for appropriate insurance solutions.

RiskGenius

Series A in 2017
RiskGenius is a technology company that specializes in enhancing the insurance policy review process through its innovative platform, which applies artificial intelligence. Founded in 2011 and based in Overland Park, Kansas, RiskGenius provides clients with custom algorithms and workflow modules designed to simplify the understanding of complex policy language. This allows for improved underwriting workflows and contributes to the automation of policy management. The company's offerings are particularly valuable to a diverse clientele that includes sureties, claim professionals, attorneys, and other stakeholders within the insurance industry. By leveraging advanced technology, RiskGenius aims to transform the traditional methods of reviewing and managing insurance policies.
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