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Insurance
Jardine Lloyd Thompson Capital Markets (JLTCM), a part of reinsurance brokerage firm JLT Re, has announce the completion of another private placement catastrophe bond, Oak Leaf Re 2017-1, which closed at $54.0 million. 15 June 2017
Insurance
Florida-based Orchid Underwriters Agency, a specialty underwriter of catastrophic coastal insurance, has expanded its commercial lines business to two new states, Alabama and Mississippi. 15 June 2017
Insurance
Insurance giant American International Group (AIG) has partnered with technology firm IBM to develop a "smart" insurance policy that uses blockchain to manage complex international coverage, Reuters reported on June 14. 15 June 2017
Insurance
New York-based insurance startup Sure has raised $8 million in a series A round of funding led by IA Capital, with contributions from Menlo Ventures, FF Venture Capital, Nationwide Ventures, Assurant, and AmTrust. 15 June 2017
Insurance
The maritime industry saw the number of total shipping losses decline by 16 percent year-on-year in 2016 to 85 cases, according to the Safety and Shipping Review 2017 by Allianz. 15 June 2017
Insurance
Major Swiss insurer Zurich is working with accelerator Startupbootcamp to influence the strategy of insurtech, group head of business transformation Antony Elliott told Intelligent Insurer. 14 June 2017
Insurance
Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, has appointed Hans Towler to the aviation reinsurance team. 12 June 2017
Insurance
Re/insurer XL Catlin has appointed David Mutton as senior underwriter, casualty for Australia. 12 June 2017
Insurance
Re/insurance legacy specialist Compre has agreed to acquire Equinox CA Europe, a captive insurer of global engineering and construction conglomerate SNC-Lavalin. 12 June 2017
Insurance
ACR Capital Holdings has appointed Bobby Heerasing as deputy group chief executive and deputy chief executive of its fully owned subsidiary Asia Capital Re. 12 June 2017
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