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Stock impact report

Oka, The Carbon Insurance Company (Oka)™ Closes $10-Million in Funding [Yahoo! Finance]

Greenlight Reinsurance, Ltd. - Class A Ordinary Shares (GLRE) 
Last greenlight reinsurance, ltd. - class a ordinary shares earnings: 2/27 04:04 pm Check Earnings Report
US:NASDAQ Investor Relations: greenlightre.ky
Company Research Source: Yahoo! Finance
Its lead investors included Aquiline Capital Partners LP and firstminute capital — which formerly spearheaded Oka's $7-million seed round — and dedicated climate-solutions investor Overview Capital . The raise also attracted the support of multiple angel investors with a vested interest in climate technology and carbon-market innovation. Proceeds will support Oka's risk-based capital requirements and operational growth, as it underwrites through its Lloyd's syndicate-in-a-box (SIAB) Oka Syndicate 1922 . In the interest of Syndicate 1922, Oka has also partnered with three reinsurance providers and secured a capital commitment from a subsidiary of NASDAQ-listed reinsurance group Greenlight Capital Re, Ltd. . Greenlight Re will participate as a capacity provider for Oka's first three years of operation. The announcement comes on the heels of several commercial milestones for Oka. Syndicate 1922 was launched in January 2024 — alongside its flagship embedded insurance solution, Carb Show less Read more
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