Articles

Insurance

Outgoing Aspen CEO suggests senior management can stay

Aspen CEO Christopher O’Kane suggested that senior management will be allowed to stay as he is replaced with Brit chairman Mark Cloutier when Apollo takes control.   2 October 2018

Insurance

Brit chairman to become Aspen CEO

Brit’s executive chairman Mark Cloutier is stepping down from his role in December 2018 with a view to becoming Aspen CEO.   1 October 2018

Insurance

New investor challenge to AmTrust’s plan to go-private

Central Europe based investment group Arca Capital said that it will meet with state insurance regulators to oppose the AmTrust privatisation transaction and that it will continue to campaign aggressively against the "absurdly low" buyout price.   1 October 2018

Insurance

Aon launches Americas capital advisory services, appoints head

Aon has launched its Americas capital advisory team to help re/insurers identify and deliver balance sheet solutions that reduce volatility and increase profitability.   1 October 2018

Insurance

Insurtech Covr secures $10m funding from Allianz, other investors

Covr Financial Technologies, a Boise, Idaho-based digital life insurance platform, has raised $10 million in Series A funding from technology venture firms including Allianz Life Ventures.   28 September 2018

Insurance

Markel partners with insurtech startup FanShield

FanShield, an insurance agency wholly-owned by Protecht which also founded insurtech TicketGuardian in 2016, has entered into a partnership deal with specialist insurer Markel Corporation.   28 September 2018

Insurance

US insurtech Broker Buddha launches new quoting platform for commercial insurers

Insurtech startup Broker Buddha has launched a new quoting platform for carriers, wholesalers and managing general agents (MGAs), in partnership with Dallas-based commercial insurance wholesaler Towerstone.   28 September 2018

Insurance

Everest Insurance promotes specialty, risk management leaders in US

Everest Insurance has promoted Mike Karmilowicz and Dave Sandler to president for specialty and risk management business segments.   28 September 2018

News

Munich Re unveils new cyber reinsurance solution for SMEs

Munich Reinsurance America (Munich Re) has developed a new cyber reinsurance solution for regional property/casualty insurance carriers seeking to provide cyber coverage to their small and medium-size enterprise (SME) clients.   27 September 2018

Insurance

S&P upgrades Berkshire insurance units outlook

S&P Global Ratings has changed the outlook to stable from negative for Berkshire Hathaway's (BRK's) operating insurance subsidiaries, National Indemnity, Government Employees Insurance, General Reinsurance, and other related insurance subsidiaries due to a more robust capital base.   27 September 2018

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