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Updated: 2 hours 20 min ago

Maiden to sell North America reinsurance operations

30 August, 2018 - 10:51
Maiden Holdings is in advanced discussions regarding the sale of its wholly-owned subsidiary, Maiden Reinsurance North America (MRNA) to a third party.

California forces property insurers to offer cover in danger zone

30 August, 2018 - 10:51
California is set to prohibit insurers to cancel or refuse to renew a policy based solely on the fact that the insured structure is located in the area of a declared state of emergency and forces insurers to hand over fire-related data to authorities.

AXIS creates new global role for accident & health insurance market

30 August, 2018 - 10:51
AXIS Insurance, the insurance business segment of Bermuda-based AXIS Capital Holdings, has appointed James Hamilton to the newly-created role of global head of accident & health (A&H) insurance.

SCOR partners with health intelligence insurtech Health Longevity

30 August, 2018 - 10:50
SCOR Global Life, the international life and health subsidiary of French reinsurer SCOR, has partnered with Health Longevity (HLI), a genomics-powered health intelligence company.

Loss of reinsurance pushes Floridian insurer Ashmere into runoff

30 August, 2018 - 10:50
Ashmere Insurance Company (AIC), a Florida-based workers’ compensation specialty insurance company placed itself into voluntary runoff after learning that its reinsurance treaties could not be renewed.

Insurtech Heluss strikes $2m gold agreement with fintech HelloGold

30 August, 2018 - 10:50
Canadian blockchain-based insurtech firm Heluss has entered into an agreement with Southeast Asian fintech investment platform HelloGold over supply of gold and custody services.

Bought By Many co-founder unimpressed by Amazon insurance plan

30 August, 2018 - 10:40
Amazon’s rumoured plan to set up an insurance price comparison service is unlikely to cause much impact in the insurance industry and there would be far more disruptive opportunities for Amazon to enter the market, insurtech Bought By Many co-founder Steven Mendel, told Intelligent Insurer.

Fret not about Amazon insurance comparison website

30 August, 2018 - 07:00
Rumours of Amazon's impending entry into the UK insurance market have been circulating for at least 2 years; the news that it plans to set up a price comparison service, therefore, comes as something of an anti-climax, says insurtech Bought By Many co-founder Steven Mendel.

Lemonade, Metromile, Root struggle to reach underwriting profits

29 August, 2018 - 10:48
The venture-backed full-stack US insurtech startups continued to show rapid premium growth in the second quarter of 2018 with moderately lower underwriting losses but they have yet to generate a sustainable loss ratio under 100 percent, according to “The Second Quarter in InsurTech Start-up Financials” by Matteo Carbone.

Peak Re expands Asian business in H1

29 August, 2018 - 10:00
Hong Kong-based Peak Reinsurance Company has significantly expanded gross written premium in the first half of 2018 as it expands in Asia.

NFIP likely to trigger reinsurance programme due to Hurricane Lane

29 August, 2018 - 09:59
Hurricane Lane, which buffeted Hawaii, will be considered more of a flood event than a wind event, and as a result, bring a potential triggering of the National Flood Insurance Program’s (NFIP’s) reinsurance program into consideration, according to AM Best.

Hiscox Re & ILS appoints new North America chairman

29 August, 2018 - 09:51
Specialist global insurer Hiscox has promoted Ross Nottingham to chair of North America for Hiscox Re & ILS.

Insurtech CyberCube taps Swiss Re veteran for board

29 August, 2018 - 09:51
Cyber risk analytics provider CyberCube has appointed Matthias Weber, the former group chief underwriting officer (CUO) of Swiss Re, to its board of directors.

Aspen takeover may fail in case of large cat loss

29 August, 2018 - 09:25
The takeover of Aspen Insurance Holdings by alternative investment manager Apollo may fail if the Bermuda-based insurer is hit by large cat losses.

$2.6bn Aspen deal latest in insurance M&A frenzy

28 August, 2018 - 10:45
Alternative investment manager Apollo is paying $2.6 billion to buy Bermuda-based Aspen Insurance Holdings and take the insurer private in what is the latest development in a string of insurance deals.

Navigators' Cameron replaces Gittings as LMA CEO

28 August, 2018 - 10:45
Sheila Cameron, currently head of international operations at Navigators Underwriting, is to become the next CEO of the Lloyd’s Market Association (LMA).

Allstate pays $525m to acquire InfoArmor

28 August, 2018 - 09:17
US personal lines insurer Allstate Corporation is acquiring employee identity protection provider InfoArmor for $525 million in an all-cash transaction.

Apollo acquires Aspen for $2.6bn

28 August, 2018 - 09:17
Alternative investment manager Apollo is offering $2.6 billion to buy Bermuda-based Aspen Insurance Holdings and take the insurer private.

European insurers target high-margin lines, reduce cost

28 August, 2018 - 09:16
European insurance companies are increasingly concentrating on high-margin lines and cost efficiencies in order to meet return on equity (ROE) targets, according to AM Best.

Canopius strengthens specialty unit with Chubb hire

28 August, 2018 - 09:16
Specialty re/insurer Canopius has hired Sean Redden for a new London-based role as underwriting counsel for its specialty division, with a specific focus on credit and political risk.

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