Leadenhall provides EV cover to Gryphon

Amlin-owned insurance-linked securities (ILS) manager
Leadenhall's support of InsurTech life insurance start-up
Gryphon Group Holdings is connected to a reinsurance transaction,
Trading Risk reported.
Gryphon previously announced that it hadraised £180mn ($229.2mn) for its launch and cited
Leadenhall and Punter Southall as investors behind the
start-up.
However, sources indicated that Leadenhall would provide
embedded value (EV) cover for Gryphon, rather than putting up
venture capital equ