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Updated: 2 hours 5 min ago

SoFi grows insurance portfolio with AI driven Lemonade and mobile data insurer Root

16 April, 2019 - 10:50
SoFi, the online financial services provider, has partnered with AI powered-insurer Lemonade and smartphone and data science auto insurer Root to expand its insurance portfolio.

Everest Re's Brexit subsidiary launches UK branch in expansion move

16 April, 2019 - 10:31
Everest Insurance Ireland, dac (EIID), the Dublin-based subsidiary of Everest Re Group, is opening a new branch office in the UK to expand its international capabilities.

PartnerRe appoints AXIS Re's Jonathan Colello as CEO, P&C Americas

16 April, 2019 - 09:18
Reinsurer PartnerRe has hired AXIS Re's Jonathan Colello as CEO of property and casualty (P&C) Americas, and president of Partner Reinsurance Company of the US.

AXIS Re names new president of EMEA & Latin America

16 April, 2019 - 09:13
AXIS Re, the reinsurance business segment of Bermuda-based AXIS Capital Holdings, has appointed Andy Hottinger as president of its EMEA LatAm division.

London market needs to invest in workforce to see digital transformation thrive

15 April, 2019 - 11:21
The insurance workforce needs to evolve to work effectively with new technologies as the London market embraces modernisation and transformation initiatives, suggests a new report by PwC and the Lloyd's Market Association (LMA).

UK construction ‘threatened by severe insurance changes’ in 2019

15 April, 2019 - 11:10
UK construction and engineering companies face “severely adverse changes to their insurance policy conditions” in the year ahead, which “will threaten construction companies’ ability to do business”, according to Mactavish, a commercial insurance placement and disputes firm.

S&P predicts ‘stable to gradual increases’ in European run-off market

15 April, 2019 - 10:55
S&P has predicted “stable to gradually increasing activity” in the European property casualty run-off market in a report.

China's Anbang sells Belgian insurer Fidea to Baloise Group for €480m

15 April, 2019 - 10:26
Swiss insurer Baloise Group is acquiring Belgian multi-sector insurer Fidea NV from the Chinese Anbang Insurance Group for €480 million.

Markel internal inquiry finds ‘no evidence’ CATco misled on loss reserves

15 April, 2019 - 09:48
An internal investigation by Markel Corporation into loss reserves in late 2017 and early 2018 at its CATCo found “no evidence” employees deliberately misled investors.

Insurtech start-up Insurdata raises $3m in seed funding

15 April, 2019 - 09:29
Insurdata, an insurtech firm which intelligently creates, enhances, scores and transfers high resolution, peril-specific exposure and risk data, has secured $3 million from a group of investors led by Anthemis and Menlo Ventures.

Ditch Voce proxy ballot cards, urges Argo ahead of 2019 AGM

12 April, 2019 - 15:00
Argo has urged its shareholders to ignore voting cards and information they may have received from activist investor Voce Capital Management that could be used to vote out board members and replace them with Voce nominees.

Lemonade raises $300m funding to fuel expansion; SoftBank, Allianz, Google Ventures among investors

12 April, 2019 - 11:02
AI-powered insurtech company Lemonade has secured $300 million in Series D funding round led by Japanese conglomerate SoftBank Group, with participation from Allianz, General Catalyst, GV (Google Ventures - the venture capital investment arm of Alphabet), OurCrowd, and Thrive Capital.

Google's AI venture fund leads $3.85m investment in insurtech start-up Flyreel

12 April, 2019 - 10:33
US-based insurtech start-up Flyreel, a provider of artificial intelligence-powered underwriting solution for commercial and residential insurers, has secured $3.85 million in funding led by Gradient Ventures, Google’s AI-focused venture fund.

Atlas Financial mulls sale as it explores 'strategic alternatives'

12 April, 2019 - 10:01
Commercial auto insurer Atlas Financial is 'exploring strategic alternatives' including a potential sale of the company or certain assets, and has retained Sandler O'Neill + Partners as its financial advisor.

TransRe merges North America and LatAm units; reshuffles leadership roles

12 April, 2019 - 09:29
TransRe, the reinsurance arm of Transatlantic Holdings and a wholly owned subsidiary of Alleghany Corporation, is to merge its North America and Latin America divisions into TransRe Americas as part of its leadership transition.

Aon Risk Map 2019: populism and terrorism create new business threats

12 April, 2019 - 09:20
Evolving terrorist ideologies and attacks combined with the rise of populism in Europe present new risks for businesses worldwide, according to the Aon 2019 Risk Map.

Praedicat data identifies three candidates as ‘the next asbestos’ for insurers

12 April, 2019 - 08:30
Data analysts have predicted that the three biggest long tail risks facing casualty insurance today are glyphosate, opioids and talcum powder, or GOT for short, not to be confused with hit series Game of Thrones.

Howden acquires Norwegian insurance brokerage NIP in expansion move

11 April, 2019 - 15:33
Howden Broking Group has acquired a majority-share ownership in Norwegian Insurance Partner (NIP), an employee benefits broker, based in Bergen, Norway.

Aon uses artificial intelligence to extract critical data insights from historical documents

11 April, 2019 - 15:19
Re/insurance broker Aon has partnered with US-based insurtech Groundspeed to extract critical data insights from its unstructured documents using artificial intelligence (AI) technology.

Third Point Re poaches Allied World execs for specialty treaty division

11 April, 2019 - 13:47
Bermuda-based reinsurer Third Point Re has expanded its specialty treaty division with two new hires from Allied World Reinsurance Company.


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