Articles

Insurance

Hudson Structured and Nephila back $2m funding for AI insurtech start-up Tensorflight

Tensorflight, an artificial intelligence insurtech start-up that uses machine learning and geospatial imagery to help P&C insurers better assess risks and understand portfolio exposures, has closed a $2 million financing round led by insurance industry investors HSCM Bermuda and Nephila.   24 June 2019

Insurance

Global Risk Partners builds regional strategy as County buys Rawlins in the UK

Broking firm the County Group (County), part of Global Risk Partners (GRP), has acquired a UK insurance broker with more than 70 years of trading in the Stoke on Trent area “bringing significant scale” to County’s North West UK hub.   24 June 2019

Insurance

Everest and Asta partner with Medical Protection Society on Lloyd's SPA

Everest Insurance, Lloyd’s third-party managing agency Asta, and London-based Medical Protection Society (MPS) have teamed up to establish a Lloyd’s special purpose arrangement (SPA) slated to start from July 1.   24 June 2019

Insurance

Beazley hires specialty treaty underwriter to expand product solutions unit

Specialty insurer Beazley has appointed Desiree Khoury as a specialty treaty underwriter within its product solutions team, which provides customised turnkey products to insurance company partners.   24 June 2019

Insurance

Lloyd's 'six bold ideas' that will change the future of the marketplace

Lloyd's has outlined 'six bold ideas', including simplifying market access and lowering costs, that it hopes will help transform the 333-year-old marketplace and prepare it to thrive in an increasingly challenging environment.   21 June 2019

Insurance

Lloyd’s reveals new advisory committee of industry veterans as it forges ahead with bold new strategy

Specialist insurance and reinsurance market Lloyd's of London has formed global and London advisory committees to support its "bold new strategy" for the future.   20 June 2019

Insurance

Tokio Marine places UK business into run-off as it shifts focus to Lloyd's

Specialty insurance group Tokio Marine has placed its UK insurance business, Tokio Marine Kiln Insurance (TMKI), into run-off as part of its strategy to enhance focus on its Lloyd's entities, and improve overall growth and efficiency by streamlining operations.   20 June 2019

Insurance

CCRIF expands cover and introduces new risk model for tropical cyclones and earthquakes

The Caribbean Catastrophe Risk Insurance Facility (CCRIF) has expanded its cover and brought in a new risk model for tropical cyclones and earthquakes as member governments in the region renewed and extended their policies for 2019/20.   19 June 2019

Insurance

Pay-as-you go insurtech Zego raises $42 million to fund European expansion

London-based insurtech Zego, a provider of pay-as-you-go insurance for drivers and riders who work flexibly with their own vehicles, has raised $42 million Series B funding from investment firm Target Global, with other backers including TransferWise founder Taavet Hinrikus.   19 June 2019

Insurance

Aon partners with insurtech Hi Marley for AI-powered platform

Re/insurance broker Aon has formed a strategic alliance with insurtech firm Hi Marley to improve insurers’ customer engagement through an artificial intelligence-enabled messaging solution.   19 June 2019

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