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Insurtech start-up Laka raises $1.5m in seed funding

Intelligent Insurer News - 7 June, 2018 - 15:32
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.

German insurance start-up Coya raises $30m

Intelligent Insurer News - 7 June, 2018 - 15:30
Germany-based insurance start-up Coya has secured nearly $30 million from investors led by Valar Ventures and e.ventures.

Ryan Specialty launches reinsurance MGU under Aon, Aspen veterans

Intelligent Insurer News - 7 June, 2018 - 10:18
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.

PartnerRe acquires Canada's Claim Analytics to expand life and health business

Intelligent Insurer News - 7 June, 2018 - 10:16
Bermuda-based PartnerRe has acquired the assets of Claim Analytics, a Canadian provider of predictive analytics solutions to the insurance industry.

XL Group shareholders approve $15.3bn merger deal with AXA

Intelligent Insurer News - 7 June, 2018 - 10:14
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.

Everest poaches AXIS Capital exec as new Canada insurance CEO

Intelligent Insurer News - 7 June, 2018 - 10:11
Bermuda-based Everest Re Group has appointed Darin Scanzano as the new CEO of Everest Insurance Company of Canada.

HCI Group unveils $888m cat reinsurance programme

Intelligent Insurer News - 7 June, 2018 - 10:05
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.

Horseshoe shores up leadership team with hires from HSBC and KPMG

Intelligent Insurer News - 7 June, 2018 - 10:04
Bermuda-based Horseshoe Group has hired two senior executives from HSBC and KPMG Bermuda respectively as senior vice presidents (SVP).

PICC gets green light to list on Shanghai Stock Exchange

Intelligent Insurer News - 6 June, 2018 - 10:42
China's securities regulator has given the People's Insurance Company of China (PICC) the green light to list on the Shanghai Stock Exchange.

AIG Bermuda captive head appointed as new BIMA president

Intelligent Insurer News - 6 June, 2018 - 10:39
Kathleen Bibbings, who has more than 30 years’ experience in the insurance industry and currently heads up AIG’s Bermuda captive operations, has been appointed president of the Bermuda Insurance Management Association (BIMA).

Blockchain used on marine insurance deal for first time

Intelligent Insurer News - 6 June, 2018 - 10:39
Willis Towers Watson claims to have completed the first blockchain transaction for marine insurance in a first for that sector.

Alliant hires new leader of SIU division

Intelligent Insurer News - 6 June, 2018 - 10:39
Alliant Underwriting Solutions has hired long-time catastrophe underwriter Kelley Bernal as senior vice president and senior director of underwriting for its SIU division.

JLT secures broking licence extension in China

Intelligent Insurer News - 6 June, 2018 - 10:38
Jardine Lloyd Thompson (JLT) has been granted a licence to cover all lines of insurance brokerage business in China.

RSG: A unique approach

Intelligent Insurer News - 6 June, 2018 - 08:00
Just shy of eight years old, RSG Underwriting Managers now has 80 lines of business and more than 250 specialty underwriters. Intelligent Insurer speaks to chairman and CEO Mike Rice and COO Miles Wuller about the principles behind RSGUM’s rapid rise and what the future holds.

MS Amlin to re-domicile its UK entity to Brussels in Brexit move

Intelligent Insurer News - 5 June, 2018 - 15:55
Global re/insurer MS Amlin will commence the process of re-domiciling Amlin Insurance from the UK to Belgium following approval from the National bank of Belgium (NBB).

Generali strikes strategic bancassurance partnership with UniCredit in CEE

Intelligent Insurer News - 5 June, 2018 - 15:55
Generali CEE Holding and Italian financial services company UniCredit have signed a cooperation agreement for the distribution of insurance solutions in Central and Eastern Europe (CEE).

Argo Group rebrands Italian subsidiary Ariscom

Intelligent Insurer News - 5 June, 2018 - 15:55
Bermuda specialty re/insurer Argo Group International Holdings has rebranded its subsidiary Ariscom to ArgoGlobal Assicurazioni. Giovanni Tucci, who joined the business from Intesa Sanpaolo Assicura in April, will remain the managing director of the business.

VIG Re elects former Generali exec as new chairman

Intelligent Insurer News - 5 June, 2018 - 15:55
Czech Republic-based reinsurer VIG Re, part of Vienna Insurance Group, has elected Peter Thirring as the new chairman of its supervisory board.

Guy Carpenter taps Goldman Sachs exec to lead capital markets unit

Intelligent Insurer News - 5 June, 2018 - 11:19
Reinsurance broker Guy Carpenter & Company, a wholly owned subsidiary of Marsh & McLennan Companies (MMC), has hired Shiv Kumar as president and global leader of GC Securities, capital markets.

Munich Re US creates new key role in innovation strategy

Intelligent Insurer News - 5 June, 2018 - 10:55
Munich Re has appointed Jean Vernor as head of incubator, new strategic markets, for Munich Reinsurance America.

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