White knights, brownfields and writedowns
All about NexG, Battersea and insurtech woes.
Long newsletter, so I’ll cut to the chase. Today’s NIE takes a look at three things:
→ Digital insurance’s “dirty secret”: what investors would rather do
→ The white knight who moved first: Ishak Ismail, NexG, and a rescue that needs a second look
→ The Battersea timeline: from Najib’s ground-breaking to GLC cash calls
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This was a grouse of a conversation I had with a Malaysian digital insurance hopeful.
The PolicyStreet fundraiser story being the conversational lubricant.
