Morgan Stanley Expansion Capital Invests $40 Million in Cover Whale to Boost Growth and Innovation in Commercial Auto Insurance

Reuters

07-28

<a href="https://laohu8.com/S/MTK">Morgan Stanley</a> Expansion Capital Invests $40 Million in Cover Whale to Boost Growth and Innovation in Commercial Auto Insurance

Cover Whale Insurance Solutions, Inc., a leading insurtech company specializing in commercial auto insurance, has announced a $40 million growth equity investment from Morgan Stanley Expansion Capital. This funding will be used to enhance Cover Whale's technology platform, analytics, and expand its product offerings to drive further growth and profitability. The investment marks a transition for Morgan Stanley from a lender to an equity partner, reflecting their strong confidence in Cover Whale's business strategy and leadership. Cover Whale, founded in 2020, is on track to achieve a full-year target of $277 million in gross written premiums for 2025, demonstrating significant growth in the commercial trucking insurance market.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Morgan Stanley published the original content used to generate this news brief via Business Wire (Ref. ID: 20250725710505) on July 28, 2025, and is solely responsible for the information contained therein.

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This funding will be used to enhance Cover Whale's technology platform, analytics, and expand its product offerings to drive further growth and profitability. The investment marks a transition for <a href=\"https://laohu8.com/S/MSPQV\">Morgan Stanley</a> from a lender to an equity partner, reflecting their strong confidence in Cover Whale's business strategy and leadership. Cover Whale, founded in 2020, is on track to achieve a full-year target of $277 million in gross written premiums for 2025, demonstrating significant growth in the commercial trucking insurance market.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. 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This funding will be used to enhance Cover Whale's technology platform, analytics, and expand its product offerings to drive further growth and profitability. The investment marks a transition for <a href=\"https://laohu8.com/S/MSPQV\">Morgan Stanley</a> from a lender to an equity partner, reflecting their strong confidence in Cover Whale's business strategy and leadership. Cover Whale, founded in 2020, is on track to achieve a full-year target of $277 million in gross written premiums for 2025, demonstrating significant growth in the commercial trucking insurance market.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. <a href=\"https://laohu8.com/S/MSSXV\">Morgan Stanley</a> published the original content used to generate this news brief via Business Wire (Ref. ID: 20250725710505) on July 28, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU2023251221.USD","symbol_name":"ALLIANZ GLOBAL SUSTAINABILITY \"AM\" (USD) INC","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250728:nNDL9wmGG5:1","article_id":"2554277419","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2554277419","pubTimestamp":1753707654,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Morgan Stanley Expansion Capital Invests $40 Million in Cover Whale to Boost Growth and Innovation in Commercial Auto Insurance. 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This funding will be used to enhance Cover Whale's technology platform, analytics, and expand its product offerings to drive further growth and profitability. The investment marks a transition for Morgan Stanley from a lender to an equity partner, reflecting their strong confidence in Cover Whale's business strategy and leadership. Cover Whale, founded in 2020, is on track to achieve a full-year target of $277 million in gross written premiums for 2025, demonstrating significant growth in the commercial trucking insurance market.\n      \n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Morgan Stanley published the original content used to generate this news brief via Business Wire (Ref. 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