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Insurance
Property data analytics provider Cape Analytics has raised $17 million in new financing, led by re/insurer XL Catlin-backed insurtech venture fund XL Innovate. 25 June 2018
Insurance
The Chinese government has taken full ownership of troubled Anbang Insurance Group, according to a Wall Street Journal report citing a June 22 statement by the regulator. 25 June 2018
Insurance
Crosswinds, a private equity firm focused on insurance, is planning to distribute all of its available capital to shareholders and dissolve the company, including its wholly-owned subsidiary Crosswinds Re. 25 June 2018
News
Latin American reinsurer Patria Re has hired Tom Cunningham from broker Guy Carpenter to oversee its reinsurance division as vice president. 25 June 2018
News
The Singapore Reinsurers’ Association (SRA) has re-elected Marc Haushofer, chief executive officer Asia Pacific & EVP of Validus Reinsurance Company, as its chairman for another term. 25 June 2018
Insurance
Financial and professional lines dominate the adoption of the digital Placing Platform Limited (PPL) at Lloyd’s, binding just under 60 percent of their risk over the platform while most major classes are binding over 10 percent, according to data published by the London Market Group. 25 June 2018
Insurance
The Property Casualty Insurers Association of America (PCI) and the American Insurance Association (AIA) are in negotiations to merge the two US-based organisations, according to a joint statement. 22 June 2018
Insurance
US personal lines insurer Allstate Corporation estimated catastrophe losses for the month of May 2018 at $278 million, pre-tax ($220 million after-tax). 22 June 2018
News
German reinsurer Munich Re is in talks to sell its asset management division to US fund manager Guggenheim Partners, Reuters reported on June 21 citing a person familiar with the matter. 22 June 2018
Insurance
Re/insurer XL Catlin has launched its specialty aviation insurance offering in Mexico. The new product suite will initially focus on general aviation hull and liability risks. 22 June 2018
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