Articles
Insurance
Reinsurer PartnerRe has hired AXIS Re's Jonathan Colello as CEO of property and casualty (P&C) Americas, and president of Partner Reinsurance Company of the US. 16 April 2019
Insurance
SoFi, the online financial services provider, has partnered with AI powered-insurer Lemonade and smartphone and data science auto insurer Root to expand its insurance portfolio. 16 April 2019
Alternative Risk Transfer
An internal investigation by Markel Corporation into loss reserves in late 2017 and early 2018 at its CATCo found “no evidence” employees deliberately misled investors. 15 April 2019
Insurance
Argo has urged its shareholders to ignore voting cards and information they may have received from activist investor Voce Capital Management that could be used to vote out board members and replace them with Voce nominees. 12 April 2019
Insurance
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
Insurance
US-based insurtech start-up Flyreel, a provider of artificial intelligence-powered underwriting solution for commercial and residential insurers, has secured $3.85 million in funding led by Gradient Ventures, Google’s AI-focused venture fund. 12 April 2019
Insurance
Commercial auto insurer Atlas Financial is 'exploring strategic alternatives' including a potential sale of the company or certain assets, and has retained Sandler O'Neill + Partners as its financial advisor. 12 April 2019
Insurance
TransRe, the reinsurance arm of Transatlantic Holdings and a wholly owned subsidiary of Alleghany Corporation, is to merge its North America and Latin America divisions into TransRe Americas as part of its leadership transition. 12 April 2019
Insurance
Data analysts have predicted that the three biggest long tail risks facing casualty insurance today are glyphosate, opioids and talcum powder, or GOT for short, not to be confused with hit series Game of Thrones. 12 April 2019
Insurance
Specialty insurance group Tokio Marine HCC has sold its bail bond operations to what it calls "a prominent player in the industry" as it exits the business in the US. 10 April 2019
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