Articles

Insurance

Insurtech VC firm IA Capital Group raises $150m

Insurtech-focused venture capital firm IA Capital Group has raised $150 million across its three funds focusing on property/casualty, life/annuity/retirement, and later-stage fintech opportunities.   3 April 2019

Insurance

CLS Risk to ‘wake sleeping giant’ with renewables permit challenge insurance

CLS Risk Solutions (CLS), a provider of property and renewables development risk cover, has launched permit challenge insurance for renewable energy infrastructure.   3 April 2019

Insurance

AXA XL makes senior appointment in Bermuda professional lines unit

Re/insurer AXA XL has promoted Jennifer Minors to senior vice president, product line leader in its Bermuda professional lines insurance business.   3 April 2019

Insurance

Marsh & McLennan acquires Arizona's Lovitt & Touché insurance agency

Marsh & McLennan Agency (MMA), the middle market agency subsidiary of broker Marsh, has entered a new market with the acquisition of Arizona-based Lovitt & Touché, one of the state’s largest independent insurance agencies.   3 April 2019

Insurance

Nexus Group raises £16m in capital to fund acquisitions

Specialty managing general agent (MGA) Nexus Group has secured a £16 million funding that it plans to use in advancing its merger and acquisition (M&A) activity.   3 April 2019

Insurance

Nexus Group buys Capital Risks MGA

Independent specialty Managing General Agent (MGA) Nexus Group (Nexus) has acquired Capital Risks MGA (CRM), a London based warranty and indemnity MGA.   2 April 2019

Insurance

Sompo International promotes Gallagher to property/casualty CEO

Bermuda-based specialty re/insurer Sompo International has appointed Christopher Gallagher to a new role of chief executive officer of its commercial property and casualty business.   2 April 2019

Insurance

Lloyd’s John Neal sponsors market modernisation project LM TOM

Lloyd’s of London CEO John Neal will be the interim sponsor of modernisation programme the London Market Target Operating Model (LM TOM) after the departure of Shirine Khoury-Haq, COO of Lloyd’s, who has been its sponsor since it was launched in 2015.   2 April 2019

Alternative Risk Transfer

Former New Ocean CEO McKeown departs AXA XL; re/insurer eyes ILS growth

Re/insurer AXA XL has revealed that Chris McKeown, the former CEO of New Ocean Capital Management, has stepped down from his role as vice chairman to pursue other interests outside the company.   2 April 2019

Insurance

Everest bolsters Lloyd's general liability casualty unit with Ironshore hires

Everest Insurance, a part of Bermuda-based Everest Re Group, has expanded its Lloyd’s general liability casualty team with two senior hires from Ironshore Insurance.   2 April 2019

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