Luzern Risk lands $45M to help firms build their own insurers

What's the deal? Luzern Risk, which helps businesses form and manage captive insurance companies, has raised $45 million in Series B funding, chief executive officer Gabriel Weiss said.

Why now? Companies are searching for ways to control their coverage and risk costs as commercial insurance grows pricier. Captives — insurers a business owns to cover its own risks — offer one such route.

What's the endgame? Luzern's platform lets firms form and run these captives, turning a traditionally complex process into a managed service.

The signal: The round sits in the top fifth of comparable deals by size, a marker of investor appetite in a moment when rising insurance costs are pushing more businesses to look inward for coverage.

Read more: businesswire.com, finsmes.com

Image credit: Luzern Risk