The insurer is working with an adviser to assess a potential sale as part of efforts to refine its global asset portfolio.
Founded in 2019, Lumen underwrites builders’ risk, commercial general liability, commercial property, homeowners, personal auto and umbrella products across more than 30 US states.
The total funding of the company, which develops AI agents for insurance teams, now stands at $8.4m (C$11.49m).
Once the deal is finalised, Bermuda-based reinsurer F&G Life Re will operate under the name Ancient Re.
