Articles
Insurance
US-based workers’ compensation insurance Pie Insurance completed an $11 million Series A funding round led by Greycroft and including participation from Aspect Ventures, existing investors Sirius Group, Moxley Holdings, and Elefund. 13 August 2018
Insurance
Malta-based legacy re/insurance acquirer DARAG Group has formed a joint venture and announced the acquisition as it plans to expand in the US. 13 August 2018
Insurance
Maiden Holdings is replacing the CEO and the chief financial officer amidst a restructuring of the business. 10 August 2018
Insurance
AmTrust Financial Services, Maiden Holding’s biggest client has continued to drag the reinsurer’s performance in the second quarter of 2018 and both companies decided to reduce the notice period for termination of their quota share agreement from nine months to five months prior to July 1, 2019. 10 August 2018
Insurance
AmTrust Financial Services has posted a net loss of $96.9 million for the second quarter of 2018 after a net profit of $29.1 million in the same period of 2017 as the company goes private. 10 August 2018
Insurance
Haven Life, a life insurance startup backed and wholly owned by MassMutual, is acquiring Boston-based online insurance broker Quilt to expand into new product offerings. 10 August 2018
Insurance
Hannover Re grew gross written premium in property and casualty (P&C) reinsurance by 19.2 percent year on year to €6.47 billion in the first half of 2018. 9 August 2018
News
Munich Re will target higher profits by growing its property/casualty (P&C) reinsurance business, turning around its primary insurer ERGO, taking advantage of digitisation and by cutting costs, CEO Joachim Wenning explained during the reinsurer’s second-quarter results presentation. 9 August 2018
Insurance
Specialty insurer Navigators Group has expanded gross written premiums by 10.0 percent year on year to $497.2 million in the second quarter of 2018. 9 August 2018
Insurance
Specialty insurance group Tokio Marine HCC has appointed Christopher Skarinka as chief operating officer (COO) for its professional lines and public risk groups, which specialises in small accounts errors & omissions (E&O) coverage and municipality business. 9 August 2018
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