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Insurance
Damage from up to softball-sized hail in May in Colorado led to insurance payouts of more than $1.4 billion, according to Aon Benfield's monthly Global Catastrophe Recap report. 9 June 2017
Insurance
American International Group (AIG) is taking over Validus in order to diversify the business into reinsurance and to add a Lloyd’s syndicate, management suggested in a Jan. 22 conference call discussing the deal. 22 January 2018
Insurance
California-based insurtech company Hippo has raised $25 million in Series B funding, led by Comcast Ventures and Fifth Wall, and other fintech investors. 22 January 2018
Technology
Commercial insurers are looking beyond postcodes and ‘COPE’ criteria to the huge potential of data supersets as they push for better underwriting and market advantage. Intelligent Insurer spoke to Simon Perry at Precisely to find out more. 30 June 2020
Insurance
The implementation of the new accounting standard IFRS 17 may cost between £1bn – £2bn in the UK, said Nic Nicandrou, chief financial officer of Prudential. 1 June 2017
Insurance
Property/casualty insurer Chubb has named John Watkins as senior vice president, head of casualty claims for its North America claims organisation. 1 June 2017
Insurance
US-based insurtech platform Slice Labs has launched its on-demand homeshare insurance product across 13 states. 1 June 2017
Insurance
UK insurer Aviva is selling its Asia and Middle East life business Friends Provident International (FPIL) to RL360 Holding Company, a subsidiary of International Financial Group, for a total consideration of £340 million. 19 July 2017
Insurance
New York-based insurance holding company AmTrust Financial Services has appointed Daniel Hickey as executive vice president of business strategy and business development. 19 July 2017
Insurance
Economic losses caused by wind, storm surge, and inland flood from Hurricane Harvey could be as high as U.S. $70-90 billion, according to data provider RMS. 31 August 2017
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