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Insurtech Gradient AI secures $6m Series A funding from MassMutual, Forte and Sandbox

7 October, 2019 - 11:46
Gradient AI, an artificial intelligence solutions provider in the insurance technology space, has raised $6 million in a Series A financing led by Forte Ventures and Sandbox Insurtech Ventures. The round also includes participation from Gradient’s existing investor MassMutual Ventures.

No-deal Brexit likely to impact insurers’ ratings less than other sectors: S&P

7 October, 2019 - 10:53
UK insurers will not be as badly affected as some other sectors in terms of ratings downgrades in the event of a no-deal Brexit.

Insurers lagging in digital transformation strategies: Capgemini

7 October, 2019 - 10:41
Only 37% of insurers have a holistic digital transformation strategy in place, despite the vast majority saying that capabilities in this area are important.

Liberty Mutual reveals changes in Continental Europe after key acquisitions

7 October, 2019 - 10:37
Liberty Mutual Insurance Group has restructured its financial risks reinsurance unit in Continental Europe following the acquisition of AmTrust's Nationale Borg Reinsurance (NB Re), in a move aimed at expanding its global footprint.

Lockton taps Marsh's Tom Orrico to lead financial institutions practice

7 October, 2019 - 10:27
Broker Lockton has hired Marsh's Tom Orrico to lead its financial institutions practice as senior vice president and managing director.

Globe Underwriting names new head of marine and transport following departure

7 October, 2019 - 10:09
UK managing general agent Globe Underwriting has appointed David Dymond as the new head of marine and transport following the retirement of Peter Rogers.

Guy Carpenter head of international facultative departs; interim successor revealed

7 October, 2019 - 10:06
Broker Guy Carpenter, a wholly owned subsidiary of Marsh & McLennan Companies (MMC), has appointed Frank Guerriero as interim head of international facultative operations.

HDI Global Specialty bolsters London team with senior Swiss Re, AmTrust hires

7 October, 2019 - 09:43
HDI Global Specialty SE, a joint venture of Hannover Re and HDI Global SE, has strengthened its London contingency team with two new senior underwriting hires.

RMS launches ‘pre-landfall’ hurricane model; product 'forecast Dorian’s Florida swerve'

4 October, 2019 - 15:30
A new model from RMS has been designed to provide critical insights “pre-landfall” for North Atlantic hurricanes.

Brown & Brown appoints Stephen Boyd to lead technology and digital strategy

4 October, 2019 - 15:24
Florida-based broking firm Brown & Brown has appointed Stephen Boyd as senior vice president of technology, innovation, and digital strategy.

Aviva launches website for group protection and health advisers to help with marketing

4 October, 2019 - 15:18
UK insurer Aviva has launched a website to help group protection and health advisers who want additional support with their marketing.

Technology wins must be balanced with positive client experience, say execs at insurers Beazley and LV=

4 October, 2019 - 14:41
Technology is giving a competitive edge to insurers in the form of faster claims settlements, but this must not come at the expense of a positive client experience, according to claims leaders from Beazley and LV=.

6m customers overpaying for insurance – Financial Conduct Authority

4 October, 2019 - 11:07
Some six million customers are overpaying for their insurance, according to the UK’s watchdog, the Financial Conduct Authority (FCA), which has proposed tough new measures to address the issue.

HDI snags CNA, Ironshore talent for US property and casualty expansion

4 October, 2019 - 10:49
The US subsidiary of industrial lines insurer HDI Global SE has made three key appointments within its engineering lines and construction casualty practices.

US firm Heffernan Insurance Brokers acquires construction specialist Mahan

4 October, 2019 - 10:49
Major US broker Heffernan Insurance Brokers has acquired the assets of the Newport-based Mahan Insurance Brokers, with the deal effective from October 1, 2019.

CAC Specialty launches private equity unit with slew of key hires

4 October, 2019 - 10:42
Specialty insurance brokerage and investment banking business CAC Specialty, a part of US risk management and insurance brokerage Cobbs Allen, has launched a new financial sponsors group (FSG) to bring together seven of its specialties.

Canopius completes AmTrust at Lloyd’s merger, boosting underwriting expertise

4 October, 2019 - 10:21
Canopius Group, a global specialty lines re/insurer, has completed the merger of AmTrust at Lloyd’s, a move which will significantly boost its scale.

UK branch of Everest Re's Brexit subsidiary now fully operational

4 October, 2019 - 10:19
Everest Insurance Ireland, DAC (EIID), the Dublin-based subsidiary of Everest Re Group, has announced that its newly-launched branch office in the UK is now fully operational.

Convex to write excess and surplus lines in US

4 October, 2019 - 10:18
Specialty re/insurer Convex Group has been authorised to write excess and surplus (E&S) lines across the US.

Willis Towers Watson names Nancy Woode NA head of property broking

4 October, 2019 - 10:17
Broker Willis Towers Watson has appointed Nancy Woode as head of property broking in North America.


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