Articles
Alternative Risk Transfer
Arch Capital Group’s US mortgage insurance operation Arch Mortgage Insurance Company has secured $653.3 million of indemnity reinsurance from Bellemeade Re 2018-2, a special purpose insurer. 24 August 2018
Insurance
Hawaii has been hit with strong winds and torrential rain as Hurricane Lane approaches the US state, causing flash flooding and landslides, according to an Aug. 24 BBC News report. 24 August 2018
Insurance
New York-based Oscar Health, a technology-focused health insurance company, has secured $375 million from Google’s parent company Alphabet. 24 August 2018
Insurance
US-based property/casualty insurer Travelers has acquired a majority stake, approximately 60 percent, in the Canadian fintech start-up Zensurance for roughly C$16 million ($12.2 million), according to BetaKit. 24 August 2018
Insurance
Kingstone Insurance Company (KICO), a wholly-owned subsidiary of property/casualty insurer Kingstone Companies, has reduced its personal lines quota share treaty ceding percentage to 10 percent, down from 20 percent, effective July 1, 2018. 24 August 2018
Insurance
Gerald Stephens, the founder of US specialty insurer RLI, has passed away at the age of 86. 24 August 2018
Insurance
Tech-focused startups are targeting the $15 billion title insurance industry that’s dominated by just four companies, according to an Aug. 22 Bloomberg News report. 23 August 2018
Insurance
The Hartford is looking to expand the Navigators’ business after the acquisition in order to increase its profitability above the firms’ historic levels, executives explained in an Aug. 22 conference call. 23 August 2018
Insurance
Root Insurance, a car insurance startup that operates entirely via mobile technology, has raised $100 million in Series D funding, pushing the insurtech's valuation to $1 billion. 23 August 2018
Insurance
Broker Marsh has appointed Andrew Hickman as global head of data science within its broader digital, data, and analytics practice. 23 August 2018
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