Third Point Makes Equity Investment in California-based Noblr

Third Point Reinsurance Ltd. has entered into a relationship with Noblr Inc. through a combination of a minority equity investment and reinsurance, the company announced.

Terms of the deal weren’t disclosed.

San Francisco, Calif.-based Noblr is a technology-driven company co-founded by Gary Tolman and Jason Foucher to create an insurance product that leverages telematics and actuarial data to give drivers feedback and real-time rates based on driving behavior.

Noblr’s initial focus is on personal auto insurance in the U.S., having recently launched in Colorado.

Third Point Reinsurance is a public company listed on the New York Stock Exchange, which through its wholly owned subsidiaries writes property/casualty reinsurance business.