"The nature of risk has changed drastically over the past century but the insurance industry has not modernized to meet these new challenges. This investment furthers Newfront's commitment to building the modern platform for clients, insurance professionals, and trading partners."

https://www.prnewswire.com/news-releases/newfront-announces-200-million-investment-from-goldman-sachs-asset-management-b-capital-and-other-investors-at-a-2-2-billion-valuation-to-modernize-insurance-301523827.html