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Insurtech Hippo secures $100m to fund expansion; targets 80% coverage of US
Insurance
Insurtech Hippo secures $100m to fund expansion; targets 80% coverage of US
Hippo, a California-based insurtech focused on the home insurance market, has secured $100 million Series D funding to fuel expansion of its footprint in the US.   25 July 2019
Lloyd’s of London strong and well-positioned, despite heavy losses in 2017/18, says Moody’s
Insurance
Lloyd’s of London strong and well-positioned, despite heavy losses in 2017/18, says Moody’s
Lloyd’s of London is strongly capitalised and its brand name helps it attract new business, said ratings agency Moody’s.   4 September 2019
Insurance
Primary insurers to bear most of hurricane Florence’s losses
Primary insurers (including auto insurers) are expected to bear most of the losses from hurricane Florence, according to Keefe, Bruyette & Woods (KBW) analysts.   20 September 2018
Insurance
Insurtech Oscar secures $375m from Google parent Alphabet
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
Kingstone reduces quota share of reinsurance treaty
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
FedNat estimates Hurricane Florence loss at $4m
FedNat currently estimates that its aggregate gross liabilities as a result of Hurricane Florence will be $4 million based on preliminary post-landfall catastrophe model estimates.   18 September 2018
Technology
Revitalising submissions for greater efficiency and profitability
At Underwriting Innovation USA, Chisel AI will be demonstrating how artificial intelligence (AI) and automation can help insurers deliver a better digital customer experience in a competitive and fast-changing sector.   10 November 2021
Insurance
Hurricane Florence to cause $30-60bn economic loss
Hurricane Florence will cause $30-60 billion in economic impact and damage, according to estimates by commercial weather forecasting services provider AccuWeather.   14 September 2018
Insurance
Legal & General strikes £4.4 bn UK bulk annuity deal
Legal & General Group has completed a £4.4 billion buy-in for British Airways pension scheme, Airways Pension Scheme (APS).   14 September 2018
Insurance
Not all reinsurers are created equal
Flaspöhler, part of NMG Consulting, conducts an annual global study designed to illustrate reinsurers’ competitive positioning and value proposition in relation to their peers. Here, we reveal how the top reinsurers fared when brokers and insurance executives across Europe, the Middle East and Africa were surveyed.   24 October 2017

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