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Insurance

Munich Re validates start-up Fraugster's AI-based platform

Munich Re has tested and insured the fraud prevention solution of German and Israeli start-up Fraugster, which uses artificial intelligence (AI) technology to detects payment frauds and improve the security of online sales.   23 April 2018

Insurance

TMK forms strategic alliance with Australian insurtech Evari

Tokio Marine Kiln (TMK) has entered into a strategic alliance with Australian insurtech firm Evari.   23 April 2018

Insurance

AXA sells whole of market healthcare broker to PE firms

French insurer AXA has entered into an agreement to sell its whole of market intermediary, Health and Protection Solutions, trading as The Health Insurance Group.   12 June 2018

Insurance

Willis Towers Watson survey claims uptick in US commercial lines

Commercial insurance prices in the US increased modestly in the first quarter of 2018, according to the latest Willis Towers Watson (WTW) Commercial Lines Insurance Pricing Survey (CLIPS).   12 June 2018

Insurance

Asia Capital Re bolsters underwriting, management team with new hires

Asia Capital Reinsurance Group (Asia Capital Re), a wholly owned subsidiary of ACR Capital Holdings, has bolstered its underwriting and management team while filling certain leadership positions for its treaty, facultative and specialty business.   30 October 2018

Insurance

Data breach litigation, Brexit and trade wars are insurers’ top concerns: RPC

Large-scale group litigation resulting from mass data breaches is just one of a number of growing legal risks for the insurance sector in 2019, according to law firm RPC in its 2019 Annual Insurance Review.   25 January 2019

Insurance

San Francisco M7.0 earthquake would damage more than a million homes

A hypothetical magnitude 7.0 earthquake epicentered in Oakland would damage more than a million homes and less than 10 percent of total residential losses would be insured because of a low residential earthquake insurance take-up in the Bay Area, according to a scenario developed by the US Geological Survey (USGS).   19 April 2018

Insurance

JLT Specialty USA names SVP of financial institutions practice

JLT Specialty USA, a US subsidiary of JLT, has appointed Tom Delaney as senior vice president (SVP).   8 June 2016

Insurance

Allianz sells 33% in China unit

Allianz has sold a 33 percent stake in its China unit to Chinese online retailer JD.com, according to a Reuters April 16 report.   17 April 2018

Insurance

Sunderland Marine CEO steps down

Tom Rutter, chief executive officer of Sunderland Marine, is to retire on June 30 after nearly four decades with the company.   17 April 2018

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