HSCM increases stake in property data analytics firm

HSCM Bermuda has increased its investment in Tensorflight, an artificial intelligence and imaging-based insurtech. The investment was part of a Series A funding round by Tensorflight, which it said is aimed at accelerating market penetration and product optimisation across the multi-billion-dollar property insurance data analytics market. Tensorflight said that the investment was led by QBE Ventures and includes new investors Tareyton Venture Partners and ff Venture Capital Poland. Participating prior investors included ff Venture Capital in addition to HSCM Bermuda. The local operation is the reinsurance and ILS investment management business arm of Hudson Structured Capital Management Ltd, the asset manager with a focus on the re/insurance and transportation sectors.