HSCM co-leads $30m investment in auto insurtech DealerPolicy
Hudson Structured Capital Management (HSCM Bermuda) has co-led a $30 million Series B investment in automotive retail digital insurance marketplace DealerPolicy.
The funding led by 3L Capital and HSCM will be used to accelerate the development of its insurtech platform for the auto industry and to expand its leadership team.
The company's next phase of growth will be supported by the addition of Wayne Pastore as president and chief operating officer, and Tara Kasica as senior vice president of sales.
Pastore, who brings deep expertise in business operations and digital retailing, and Kasica, a leader in both automotive F&I and personal insurance.
Pastore previously served as vice president and general manager of Dealer.com. He also held numerous leadership positions throughout Cox Automotive and DealerTrack.
Kasica joins the company from Allstate, where she was responsible for overseeing countrywide deployment, production, retention, and growth of dealership owned insurance agencies.
Travis Fitzgerald, CEO of DealerPolicy, said: "With an ever-expanding value proposition to dealers, insurance carriers and customers, we are prepared to continue investing in growth."
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