Articles

Insurance

Data standardisation is key to future AI success

The standardisation of data in the insurance industry is the key to successfully using artificial intelligence (AI) in the future, according to Ken Marke, chief marketing officer at B3i.   21 May 2019

Insurance

MDP and HPS funds take minority equity stake in UK-broker Ardonagh Group

Two investment funds have agreed to buy a £92million ($117 million) stake in independent broker the Ardonagh Group.   21 May 2019

Insurance

Greenlight Re invests in online insurance dispute resolution business FairClaims

The Cayman Islands-based reinsurer Greenlight Re's insurtech unit has made a strategic investment in an online insurance and consumer dispute resolution start-up FairClaims.   20 May 2019

Insurance

Insurtech Snapsheet secures $29m to expand claims management solutions globally

Chicago-based insurtech Snapsheet, a provider of virtual claims technology for the personal and commercial insurance marketplace, has secured $29 million in Series E funding for global expansion.   20 May 2019

Insurance

UK broker Aston Lark acquired by Goldman Sachs

UK insurance broker Aston Lark has been acquired by Goldman Sachs' merchant banking division.   20 May 2019

Insurance

Korean Re sets up European reinsurance hub in Switzerland to drive overseas business

Seoul-based reinsurer Korean Re has launched a new reinsurance subsidiary in Zurich, Switzerland as part of its expansion strategy in the European market.   20 May 2019

Insurance

Capsicum Re bolsters Bermuda operations with ex-Amlin hire

Specialist reinsurance broker Capsicum Re has appointed Tom Mills to its Bermudian operation, in a move aimed at growing its presence on the island as it enters fifth year of trading since opening its office in 2014.   20 May 2019

Insurance

AM Best moves Third Point Re outlook to 'negative' over profitability concerns and management changes

Rating agency AM Best has revised the outlook of Bermuda-based reinsurer Third Point Re to negative from stable, expressing "concerns over the company’s business profile", its ability to make underwriting profits, and the recent changes in its senior management including the departure of its CEO Robert Bredahl.   17 May 2019

Insurance

The Hartford gets regulatory approvals for $2.1bn Navigators deal; date set for final completion

US-based property/casualty insurer The Hartford has received all regulatory approvals necessary for the closing of its acquisition of global specialty insurance holding The Navigators Group.   17 May 2019

Insurance

Global commercial insurance rates enjoy biggest hike since 2012: Marsh

Average commercial insurance prices globally enjoyed their biggest increase since 2012 in the first quarter of 2019, according to Marsh’s Global Insurance Market Index.   17 May 2019

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