Intelligent Insurer News

AmTrust Financial Services has amended the merger agreement it has with Evergreen Parent, an entity formed by the Karfunkel-Zyskind Family and private equity funds managed by Stone Point Capital.

Bermuda-based Arch Capital Group is planning to expand the group’s underwriting operations in Ireland to ensure continuity of its operations across the European Union once the UK leaves the EU.

Hyperion Insurance Group has purchased a controlling interest in the Asia and EMEA arms of International Planning Group (IPG), an Asian life insurance broker serving high-net-worth individuals and businesses.

Re/insurer XL Catlin has created an insurance solution for companies with fleets of vehicles that could potentially be used as a weapon in a terrorist attack.

London-based insurtech start-up Laka, which that offers what it calls crowd insurance for bicycle owners, has raised $1.5 million in seed funding.

Germany-based insurance start-up Coya has secured nearly $30 million from investors led by Valar Ventures and e.ventures.

Ryan Specialty Group (RSG), a specialty insurance services business based in Chicago, has launched a new reinsurance managing general underwriter (MGU), its first foray into reinsurance.

Bermuda-based PartnerRe has acquired the assets of Claim Analytics, a Canadian provider of predictive analytics solutions to the insurance industry.

The common shareholders of property/casualty commercial lines re/insurer XL Group have approved an agreement to be 100 percent acquired by French insurer AXA for $15.3 billion, to be fully paid in cash.

Bermuda-based Everest Re Group has appointed Darin Scanzano as the new CEO of Everest Insurance Company of Canada.

HCI Group, a provider of property/casualty insurance in Florida, has completed its catastrophic reinsurance programme for the 2018-2019 contract year, which runs from June 1, 2018 through May 31, 2019.

Bermuda-based Horseshoe Group has hired two senior executives from HSBC and KPMG Bermuda respectively as senior vice presidents (SVP).