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German Insurance Startup Element Files for Insolvency

Jan. 8, 2025, 6:08 PM UTC
Arno Schütze
Arno Schütze
Libby Cherry
Libby Cherry
Bloomberg Editorial

Element Insurance AG files for insolvency at court in Berlin-Charlottenburg, according to Jan. 8 filing.

  • Friedemann Ulrich Schade of law firm BRL named provisional insolvency administrator.
  • Element had raised $154 million from investors including SBI, Finleap, Signal Iduna, according to Pitchbook.

To contact the reporters on this story:
Arno Schütze in Frankfurt at aschuetze1@bloomberg.net;
Libby Cherry in Frankfurt at ocherry2@bloomberg.net

To contact the editors responsible for this story:
Steven Arons at sarons@bloomberg.net

Patrick Donahue

© 2025 Bloomberg L.P. All rights reserved. Used with permission.

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