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Mergers and acquisitions (M&A) in the global insurance industry are at their highest level for four years up 13 percent to 222 deals completed worldwide in the first six months of 2019 from 196 deals in the six months before. 1 August 2019
Insurance
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
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
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
Insurance
Bermuda-based Aspen Insurance Holdings has hired Lloyd’s executive Joshua Brekenfeld as director of global corporate development. 19 June 2019
Alternative Risk Transfer
Aon Securities, the investment banking division of re/insurance broker Aon, has made two new strategic hires to help drive growth and innovation within its capital markets function. 11 June 2019
Insurance
Berkshire Hathaway Specialty Insurance (BHSI) has launched a new office in Paris, and appointed François-Xavier d’Huart as country manager, as part of its strategic expansion in Europe. 11 June 2019
Insurance
Specialty insurer Tokio Marine HCC has expanded its marine liability division, which began trading in January, with the appointment of Paul Knighton as marine liability & logistics underwriter. 11 June 2019
Insurance
Everest Insurance, the specialty insurance division of Bermuda-based Everest Re Group, has made two key hires from Aspen and Conifer to help expand its excess casualty retail capabilities in the Central and West territories in the US. 11 June 2019
Insurance
UK-based specialist motor insurer ERS is launching an underwriting academy in Swansea, relocating a number of roles to the city from London and the South East. 11 June 2019
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