Intelligent Insurer News

The International Union of Marine Insurance (IUMI) has appointed an additional Asia ambassador to build its position in the region. Agnes Choi, chair of promotion and external relations for the Hong Kong Maritime and Port Board and former IUMI executive committee member, was confirmed at the second IUMI Asia Forum in Shanghai on 22-23 May.

Cayman-based reinsurer Aureum Re plans to scale up its investment operations with web-based investment data aggregation, reconciliation, accounting and reporting provided by Clearwater Analytics.

Starr Insurance Companies, a group of insurance companies which operate in the US, Bermuda, UK and Asia Pacific, has appointed Andrew Hopper as head of financial institutions for the UK and Europe.

Motor insurer Ageas has agreed a three year deal with Marmalade, a specialist firm that focuses on young drivers and their parents, to provide more flexible policies for learners, students and ‘named young drivers’.

Property and casualty insurer The Hartford has partnered with data security firm Mimecast to reduce cyber security risks with awareness training.

Digital data-driven insurance brokers and distribution platform Novidea has hired Alex Zukerman as chief revenue officer (CRO).

US-based Gibbs Law Group has filed a class action lawsuit against global insurer First American Financial Corp for allegedly failing to protect “millions” of customer files.

Inshur, the mobile-first provider of commercial auto insurance for private hire drivers, has teamed up with smartphone taxi app Uber to offer drivers who use the Uber app insurance. The partners said the fully digital insurance service tie up was “one of the first of its kind:.

​Spring floods in the US Midwest have underlined the fact that few people in the US have flood coverage. Intelligent Insurer investigates.

From 1 July this year, Dutch insurance and asset management company Nationale Nederlanden (NN) said it will “stop providing insurance services to companies that derive more than 30 percent of their revenues from thermal coal mining or that use at least 30 percent thermal coal for power generation".

Specialist insurer Beazley has streamlined its MediaTech policy to incorporate cyber coverage and protect firms “using and developing new technology in exciting and often experimental ways”. The cover also combines protection from comprehensive errors and omissions (E&O) and media liability insurance.

Specialist commercial re/insurer International General Insurance (IGI) has joined GBN Worldwide, the global insurance network of insurers, reinsurers, independent brokers and specialty suppliers.

​The blockchain insurance industry initiative B3i has grown its investor based as SBI Group confirmed it has become an investor via its SBI AI & Blockchain Fund.

Taking place in Bolivia for the first time, the programme for the 37th Hemispheric Insurance Conference of the Inter-American Federation of Insurance Companies (FIDES) has been unveiled by the Bolivian Association of Insurers (ABA).

California-based artificial intelligence (AI) start-up Betterview, an insurtech platform provider for property transactions, has closed a $4.5 million Series A round bringing the total funding to $10 million.

Australian insurer Suncorp's chief executive officer (CEO) and managing director Michael Cameron has stepped down immediately after almost four years in the role and seven years as a board member.

Bermuda-based AXIS Capital Holdings has hired Kelly Isikoff as chief information security officer (CISO) from RenaissanceRe.

Swiss Re Corporate Solutions is collaborating with aeronautics firm Airbus Aerial to offer flood prevention modeling services using drone-collected data.

Global reinsurer Swiss Re has placed the first catastrophe bond, a $100 million First Coast Re II (Series 2019-1), under Singapore's new insurance-linked security (ILS) framework for Security First Insurance Company.

Shareholders voted “overwhelmingly in favour” of directors put forward by re/insurance firm Argo at its AGM, crushing a bid to change direction at the top of the company by activist investor Voce Capital Management.