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Insurance
French insurer AXA and car-hailing app Uber have partnered to offer benefits to all Uber’s independent partner drivers and couriers in Europe. 23 May 2018
Insurance
Taking into consideration a Deutsche Bank valuation of AmTrust Financial Services, the insurer’s shares should be worth between $26.06 and $31.86, and not the $13.50 that is being offered to take the company private, billionaire investor Carl Icahn argued in a May 23 presentation. 23 May 2018
Insurance
Millstream Underwriting, part of specialty managing general agent Nexus Group has become an approved Lloyd’s coverholder. 23 May 2018
Insurance
AmTrust Financial Services is trying to persuade investors opposing the deal to take the insurer private in a May 22 presentation, stressing the attractive offer price for the shares which if accepted frees shareholders from significant risks reflected in the share price performance. 23 May 2018
Insurance
Specialist re/insurance market Lloyd’s of London has received licence approval from the National Bank of Belgium for its EU subsidiary Lloyd’s Insurance Company. 23 May 2018
Insurance
Automation (robotisation) and connectivity are fundamentally reshaping how manufacturing and service industries work – which will in turn radically change the risks they face and the way they buy risk coverage, according to a new report titled “The underwriter of the future – Six years on” by Oliver Wyman and the Chartered Insurance Institute. 23 May 2018
Insurance
The International Underwriting Association (IUA) has established a new cyber group dedicated specifically to consider the concerns of reinsurers. 23 May 2018
Insurance
Insurtech investment volume jumped 155 percent year on year to $724 million in the first quarter of 2018, according to research by Willis Towers Watson. 23 May 2018
Insurance
Lloyd’s specialist insurer Neon has hired Theo Butt for the newly created role of group underwriting director. 23 May 2018
Insurance
Insurance intermediary The Ardonagh Group which comprises Autonet and Carole Nash, Paymentshield, Insurance Broking, Schemes and Programmes, MGA and Wholesale, has reported adjusted EBITDA (Earnings before interest, taxes, depreciation and amortization) up 12.7 percent year on year at £28.0 million in the first quarter of 2018. 23 May 2018
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