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Insurance
US-based commercial insurance provider CNA has created a new, centralised affinity programmes unit within CNA Specialty to build on the company's expertise in affinity and delegated underwriting programmes. 15 June 2017
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
Norway's Protector Forsikring, the insurer on the London tower block that has been devastated by fire today (Wednesday June 14), has confirmed that all its property claims in UK and in the Nordic market are covered by Munich Re. 14 June 2017
Insurance
A number of Lloyd’s Syndicates and high-profile reinsurers including Allied World, Amlin, Aspen, Hannover Re, Munich Re and PartnerRe could face claims as a result of the fire that has engulfed a 24-storey block of flats in London today (Wednesday June 14). 14 June 2017
Insurance
Pool Re, the mutual reinsurer that provides terrorism cover for commercial property in the UK, has appointed Howard Cheetham as head of distribution. 14 June 2017
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