Green Shield Risk Solutions, provider of risk mitigation strategies for catastrophe prone properties, has announced a $6.6 million investment to support the expansion of its risk mitigation solutions.
According to the announcement, the investment supports Green Shield’s focus on accelerated growth through risk mitigation and loss avoidance in the US Property Insurance market.
It was led by Bindley Capital Partners, management and a select group of business leaders committed to changing the way insurance is delivered.
Nick Lamparelli, Green Shield’s creator alongside Patrick Blandford, commented: “As a society we are going to struggle with climate resiliency if our only solution is insurance. We must find ways to prevent and mitigate losses to reduce our collective costs. At Green Shield, we believe the best way for consumers to make investments in prevention and mitigation is by levelling the playing field and providing full risk transparency to maximise their resiliency to climate disasters.”
Blandford assed: “We are pleased to have the support of such an experienced group of investors and company builders. Our investor group has created and grown multiple $billion+ organizations and knows what it takes to succeed.”
Tom Salentine, President of Bindley Capital, said: “We are excited to back the team at Green Shield. Our core business is supporting proven operating teams in attractive industries. We know this market is ready for a fresh approach.”
