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Updated: 1 hour 21 min ago

Singapore Re posts profit in Q1

10 hours 48 sec ago
Singapore Reinsurance had a profitable first quarter of 2018, with a profit before tax of $5.94 million, an increase of 13.4 percent year-on-year.

Miller taps Marsh and RKH execs for credit and political risks

10 hours 4 min ago
Re/insurance broker Miller has expanded its credit and political risks unit with the hiring of Marsh and RKH Specialty executives, Oscar Moseley and Rosie Denee, in London.

Mumbai insurtech receives $22m in funding

10 hours 6 min ago
Coverfox, an online insurtech startup based in Mumbai, has raised $22 million in Series funding, led by International Finance Corp (IFC) and Transamerica.

Starr reveals leadership promotions in casualty units

10 hours 31 min ago
Insurance firm Starr Companies has made several leadership promotions for the New York region and casualty business units.

The Standard partners with insurtech accelerator Plug and Play

10 hours 32 min ago
Standard Insurance Company has entered into a strategic partnership with Plug and Play Insurtech, a startup accelerator and open innovation platform.

WR Berkley moves BerkleyNet president to oversee certain operations

10 hours 32 min ago
US insurer WR Berkley has appointed James Gilbert as an executive vice president with oversight responsibility for certain of the company’s operating units.

Blocksure technology could split premiums at source

19 April, 2018 - 16:18
Blocksure has developed a revolutionary insurance operating system covering sales, administration, and claims and built on blockchain technology, as chief executive Ranvir Saggu explains to Intelligent Insurer.

Insurers understand they need to embrace intelligent automation

19 April, 2018 - 16:04
e2Value talks about its web-based property valuation tool that leverages both intelligent automation and AI, as CEO Todd Rissel tells Intelligent Insurer.

AIG splits Europe business between UK, Luxembourg ahead of Brexit

19 April, 2018 - 15:34
American International Group (AIG) is creating two new insurance companies, one in the UK and one in Luxembourg and is splitting the European business among them ahead of the UK leaving the EU.

Allstate faces $361m cat losses in Q1, 2018

19 April, 2018 - 15:29
US personal lines insurer Allstate Corporation estimated catastrophe losses at $361 million, pre-tax, and $285 million after-tax, for the first quarter 2018.

Ardonagh grows 2017 income by 11% through acquisitions

19 April, 2018 - 12:23
Insurance broker Ardonagh has boosted its income in 2017 by 11 percent year on year to £536 million driven by acquisitions.

Generali sells €540m Belgian unit to Athora

19 April, 2018 - 08:56
Italian insurer Generali is selling its entire stake in Belgium-based subsidiary, primarily focused on the life segment, for a cash consideration of €540 million.

Former PICC president reportedly pleads guilty in $1.4m bribe case

19 April, 2018 - 08:18
Wang Yincheng, former president of the state-owned People's Insurance Company of China (PICC), has pleaded guilty in a trial on the charge of accepting bribes, according to an April 16 report by the country’s official press agency Xinhua.

Arch secures $375m ILS reinsurance for mortgage risk

19 April, 2018 - 08:17
Arch Capital Group’s US mortgage insurance operation Arch Mortgage Insurance Company (Arch MI) secured $374,460,000 of indemnity reinsurance from Bellemeade Re 2018-1, a special purpose insurer.

Insurtech Envelop Risk appoints CUO from Hannover Re

19 April, 2018 - 08:15
London-based Envelop Risk, a newly-launched global specialty cyber insurance analytics and underwriting firm, has appointed Aritra Chatterjee as its chief underwriting officer.

San Francisco M7.0 earthquake would damage more than a million homes

19 April, 2018 - 08:03
A hypothetical magnitude 7.0 earthquake epicentered in Oakland would damage more than a million homes and less than 10 percent of total residential losses would be insured because of a low residential earthquake insurance take-up in the Bay Area, according to a scenario developed by the US Geological Survey (USGS).

RLI had ‘excellent start in 2018’, says CEO

19 April, 2018 - 08:02
US specialty insurer RLI is “off to an excellent start in 2018” with a 91 combined ratio and continued strong organic growth across much of the product portfolio, CEO Jonathan Michael commented the first quarter 2018 results.

Lloyd’s Faraday syndicate backs new construction offering by Ensurance

19 April, 2018 - 08:02
Ensurance, a construction and engineering managing general agency (MGA) and Lloyd’s coverholder, has launched a combined construction liability product, backed by Faraday Syndicate 435 at Lloyd’s.

AXIS hires reinsurance CUO from AIG

18 April, 2018 - 15:28
AXIS Re, the reinsurance arm of Bermuda-based AXIS Capital Holdings, has appointed AIG's Megan Thomas as chief underwriting officer, responsible for product and portfolio management within AXIS Re.

CNA Hardy gets Malaysia licence for Asia expansion

18 April, 2018 - 15:00
Specialist commercial insurer CNA Hardy has gained authorisation to set up operations in Labuan, Malaysia, expanding its presence in Asia.

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