Articles

Insurance

SCOR grows P&C reinsurance at April 2019 renewals; expects favourable market conditions

French reinsurer SCOR grew its global property and casualty (P&C) gross written premiums by 9.6 percent at constant exchange rates at the April 2019 renewals to €548 million.   18 April 2019

Insurance

Liberty promotes Silvestre to deputy manager for France

Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, has promoted Emmanuel Silvestre to deputy general manager of its French operation.   18 April 2019

Insurance

Perils estimates €740m insurance losses from ‘Dragi-Eberhard’ storms

Property insurance losses for the ‘Dragi-Eberhard’ winter storms that swept through Europe in March 2019 are initially estimated to be €740m, according to Perils, the Zurich-based data provider.   18 April 2019

Insurance

Shepherd Compello opens Brexit subsidiary in Netherlands; targets European growth

Lloyd's insurance broker and coverholder Shepherd Compello is launching a new subsidiary in Assen, the Netherlands to support its growth plans across Europe, and ensure business continuity amid the ongoing Brexit uncertainty.   16 April 2019

Insurance

SCOR bolsters global P&C ventures with new appointments

French reinsurer SCOR has expanded its SCOR Global P&C ventures team that forms partnerships with entrepreneurs and innovators to develop new technology-driven insurance and risk management solutions.   16 April 2019

Insurance

Liberty Mutual buys AmTrust's global surety, credit reinsurance business

Liberty Mutual Insurance is to acquire the global surety and credit reinsurance operations of AmTrust Financial Services in a move it hopes will support its "goal of becoming a top three global commercial re/insurer".   16 April 2019

Insurance

Everest Re's Brexit subsidiary launches UK branch in expansion move

Everest Insurance Ireland, dac (EIID), the Dublin-based subsidiary of Everest Re Group, is opening a new branch office in the UK to expand its international capabilities.   16 April 2019

Alternative Risk Transfer

S&P predicts ‘stable to gradual increases’ in European run-off market

S&P has predicted “stable to gradually increasing activity” in the European property casualty run-off market in a report.   15 April 2019

Insurance

China's Anbang sells Belgian insurer Fidea to Baloise Group for €480m

Swiss insurer Baloise Group is acquiring Belgian multi-sector insurer Fidea NV from the Chinese Anbang Insurance Group for €480 million.   15 April 2019

Insurance

Lemonade raises $300m funding to fuel expansion; SoftBank, Allianz, Google Ventures among investors

AI-powered insurtech company Lemonade has secured $300 million in Series D funding round led by Japanese conglomerate SoftBank Group, with participation from Allianz, General Catalyst, GV (Google Ventures - the venture capital investment arm of Alphabet), OurCrowd, and Thrive Capital.   12 April 2019

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