Articles
Insurance
Bermuda-based Arch Capital Group is to acquire McNeil, a New York-based provider of specialized risk management and insurance programmes. 2 November 2018
Insurance
Insurance service provider Davies Group has acquired Veriphy, a specialist KYC (know your customer) and AML (anti money laundering) compliance solutions SaaS (software as a service) business. 2 November 2018
Insurance
US-based insurtech Compare.com, an online car insurance comparison platform, has raised $35 million to help fuel its expansion and brand development. 2 November 2018
Insurance
American International Group’s (AIG) chief executive Brian Duperreault said the company is working with a “sense of urgency” and “taking decisive actions across the company” as the business posted another big loss in its third quarter results. 1 November 2018
Insurance
Arch Capital Group enjoyed solid growth and a return to profitability in the third quarter of 2018 as it managed to avoid the catastrophe losses that have hit the results of some of its peers. 1 November 2018
Insurance
Lancashire Holdings posted what it called a “disappointing loss” in the third quarter of 2018 as it absorbed the effects of another busy period in terms of catastrophe losses; its book also shrank significantly mainly because of reinstatement premiums and the timing of some large multi-year deals. 1 November 2018
Insurance
Re/insurer AXA XL and US-based insurtech Slice Labs, which offers cloud-based on-demand insurance, have launched a new cyber insurance policy specifically designed for small and midsize businesses (SMBs). 1 November 2018
Insurance
Bermuda-based RenaissanceRe Holdings has agreed to acquire its competitor Tokio Millennium Re (TMR) for approximately $1.5 billion from its parent company Tokio Marine Holdings. 31 October 2018
Insurance
Natural catastrophes have impacted Bermuda-based RenaissanceRe Holdings’ (RenRe) profits in the third quarter of 2018 while the company revealed that it is acquiring Tokio Millennium Re (TMR) for approximately $1.5 billion. 31 October 2018
Insurance
Markel Corporation has returned to profit in the third quarter of 2018 despite having experienced significant catastrophe losses during the period. 31 October 2018
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