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Australia-based Ensurance in advanced talks with investors to raise capital

Ensurance Ltd. disclosed that it is in advanced discussions with high-net-worth and strategic investors as part of its bid to raise more capital in the near future.

The Australian insurance underwriting agency said it is looking into various capital raising strategies, such as securing additional working capital and renegotiating existing debt instruments, as it expects its negative operating cash flows to continue.

Ensurance also expressed confidence that it can continue its operations and meet its objectives, noting that the expansion of its business into the U.K. could boost revenue, profitability and cash flows.