Articles
Insurance
San Francisco-based Socotra, an insurtech startup, has raised an additional $5.2 million in funding from Mitsui Sumitomo, Nationwide and venture firm 8VC. 13 February 2019
article
European insurers are well positioned to manage the disruption caused by Brexit but, warns global ratings agency S&P, any wider global downturn will bring volatility, which is likely to mean persistent low interest rates. 13 February 2019
Insurance
Lloyd's re/insurance broker RFIB Group has established new permanent offices in Montecasino, Johannesburg, to further expand its presence in Africa. 12 February 2019
Insurance
Bermuda-based re/insurer Ascot and specialty insurer Beazley have come together to launch a Lloyd’s based cargo consortium that uses insurtech solutions to help manage risk and claims performance. 12 February 2019
Insurance
As the deadline for a no deal Brexit moves closer, the French government has published emergency measures relating to financial services and insurance, global law firm Clyde & Co has confirmed. 11 February 2019
Insurance
Liberty Specialty Markets (LSM), a part of Liberty Mutual Insurance Group, has entered the casualty market in Italy for the first time, recruiting Paolo Pitton to lead the initiative. 11 February 2019
Insurance
Howden, the retail broking arm of Hyperion Insurance Group, is acquiring a strategic stake in Malene Insurance Brokers, a leading Malaysian independent niche broker in the energy and power sector, and a specialist in takaful insurance, which complies with Sharia law. The company is also purchasing the remaining 51 percent of shares in CIMB Howden. 11 February 2019
Insurance
Mergers and acquisitions grew 9 percent in the global insurance sector in 2018 as insurers looked to increase their access to customers and innovation, and benefit from greater scale, according to a Clyde & Co report out today (Monday 11 February). 11 February 2019
Insurance
Bermuda-based RenaissanceRe Holdings (RenRe) has appointed Cythnia Trudell to serve as an independent director of the company, following the retirement of Edward Zore. 8 February 2019
Insurance
Bermuda-based White Mountains Insurance Group reported a "tough fourth quarter" with $141 million comprehensive loss attributable to common shareholders across its portfolio of businesses. This compares with a profit of $23 million for the same period in 2017. 7 February 2019
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