There’s a quiet corner of the insurance world where the policies are weird, the risks are wild, and the tech has been stuck in a permanent ’98 screensaver. Specialty insurance distribution: necessary, complex, and until now, overlooked by serious innovation. Enter Loro Insurtech Inc., based out of Dover, Delaware, and moving like they’ve got nothing to lose and everything to build. They’re not trying to disrupt the middleman, they’re giving the middleman a jetpack.
Founded in 2021 by Peter Tilbrook (CEO and Co-Founder), Loris Candylaftis (Co-Founder and Head of Technology), and Diego Silva Villalba (Co-Founder and Head of Sales and Implementation), Loro was born from deep insurance experience and deeper frustration. They didn’t just see gaps in the system, they were working inside them. After years at firms like Tokio Marine HCC, Marsh, and Willis, they knew exactly where the bottlenecks lived, and decided to code their way through them.
Now, they’ve just locked in $1.1 million in fresh seed funding led by Markd, with support from a crew of insurance-savvy angels who know that innovation doesn’t start with whiteboards, it starts with battle scars. This isn’t their first dance with capital either. They raised $750K back in 2023 and put it to work immediately, earning spots in Lloyd’s Lab Cohort 11, landing over 25 clients, and connecting 600+ brokers across four continents. Not bad for a crew running lean and building globally from Dover to Guadalajara, Mexico, their self-proclaimed “Mexican Silicon Valley.”
So what’s the play? Loro built a no code, multilingual platform that lets carriers, MGAs, and brokers launch custom insurance products without upfront investment. Full underwriting control. Real-time data. Quote-to-bind portals. Claims, compliance, payments, wrapped into one unified SaaS beast. They’re offering the first $100K in gross written premium for free, no strings. If you win, they win. Simple.
This isn’t some shiny front-end fix. It’s infrastructure with teeth. A platform that meets brokers where they are and gives them tools to move faster, without gutting the intermediaries that make specialty insurance work in the first place. It’s not about removing humans from the process. It’s about giving humans leverage.
Add in partnerships like the one with Turris, led by Douglas Ver Mulm, to automate compliance, and it’s clear Loro isn’t trying to just sell software. They’re building a distribution ecosystem that’s modern, connected, and scalable.
