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Insurance
A wave of floods and storms that hit France during the spring is estimated to have the country’s insurers some €430 million, Reuters reported on June 25 citing the FFA French insurance federation. 25 June 2018
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
Lloyd’s brokers are expanding to achieve economies of scale and become more competitive, Intelligent Insurer finds out in conversation with the CEOs of Endeavour and RFIB. 21 June 2018
Alternative Risk Transfer
Recently established Bermuda domiciled reinsurance company Bernina Re has appointed Michael McKnight to the position of chief executive officer & chief risk officer effective as of 28 May 2018. 20 June 2018
Insurance
Specialist re/insurance broker BMS Group has entered into a tied representative agreement with Turkish specialist re/insurance broker Rönesans Reasürans ve Sigorta Brokerlik. 20 June 2018
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