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Insurance
Allstate April cat losses at $211m
US personal lines insurer Allstate Corporation estimated catastrophe losses for the month of April 2018 of $211 million before taxes.   17 May 2018
Insurance
Lemonade unveils open source policies
AI-powered insurtech firm Lemonade Insurance Company is planning to create open source policies with an aim to make them simple, approachable, relevant, and digital, according to CEO and co-founder Daniel Schreiber.   16 May 2018
Insurance
SCOR refocuses large corporate risks unit
French reinsurer SCOR has reorganised the structure of its large corporate risks insurance unit, SCOR Business Solutions, with the aim to increase client centricity.   16 May 2018
Insurance
Insurtech Ladder raises another $10m for expansion
California-based insurtech startup Ladder as secured $10 million strategic investment from Allianz Life Ventures and Northwestern Mutual Future Ventures.   16 May 2018
Insurance
The Hanover longtime chairman Angelini retires
US-based property/casualty insurer The Hanover's longtime chairman Michael Angelini has retired from the board after more than 30 years with the group.   16 May 2018
Insurance
Weather Analytics merges with Athenium
Weather Analytics, a US-based provider of risk information for insurance carriers, has acquired and merged with Athenium. The new entity will operate as Athenium Analytics.   16 May 2018
Insurance
Arch CFO returns to AIG as chief actuary for general insurance
American International Group (AIG) has rehired Mark Lyons as senior vice president and chief actuary, general insurance.   15 May 2018
Insurance
US P&C net income drops 15.8% in 2017
Private US property/casualty insurers saw catastrophe losses suppressing the industry's net income after taxes to $36.1 billion in 2017, a 15.8 percent decline from a year earlier, according to Verisk unit ISO.   15 May 2018
Insurance
RSG's SafeWaters hires US head of cargo from AXA
Ryan Specialty Group-owned SafeWaters Underwriting Managers has appointed Kevin Kempf as vice president, head of cargo, US.   15 May 2018
Insurance
AXA US IPO secures funds for XL acquisition
The initial public offering (IPO) of AXA’s US unit was priced below the indicative price range but the proceeds, combined with a bond issue will still substantially secure the funding for AXA's planned acquisition of XL Group, according to Moody’s.   14 May 2018

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