Articles

Insurance

Insurdata raises over $1m in seed funding

Insurdata, an insurtech firm which intelligently captures, enhances, scores and transfers high-resolution, peril-specific exposure and risk data, has raised over $1 million in seed financing from investors including Menlo Ventures, Anthemis Baloise Strategic Ventures and Plug and Play.   24 October 2017

Insurance

Technology and innovation key to regaining market share: Patria Re

Amid a myriad of challenges, re/insurers must stay ahead of their peers and embrace innovation and technology if they are to thrive in the game, Ingrid Carlou, the chief executive of Patria Re, tells Intelligent Insurer.   24 May 2017

Insurance

AXIS Capital outlook revised to negative post Novae acquisition

S&P Global Ratings has revised the outlook for Bermuda-based AXIS Capital Holdings to negative from stable, reflecting its concerns that AXIS' capital redundancy will significantly diminish after the deal acquisition of Novae Group.   10 July 2017

Insurance

US Risk Insurance Group acquires IMS London American

Texas-based US Risk Insurance Group, a specialty lines underwriting manager and property/casualty wholesale broker, has acquired IMS London American Brokerage and Underwriting Services.   10 July 2017

Insurance

Markel appoints China head

Markel International has appointed Hu Qianhai to head up the company’s business in the People’s Republic of China, based in Shanghai.   22 September 2015

Insurance

Texas chemical factory likely to explode due to Harvey

French chemicals producer Arkema warned on Aug. 30 that its Crosby, Texas facility which makes organic peroxides is likely to explode and cause a subsequent intense fire.   31 August 2017

Insurance

Markel poaches Ariel Re head of claims

Specialist insurer Markel International has appointed Chris O’Shea as head of reinsurance claims.   10 October 2016

Insurance

AIG in $600m Arch share sale

Bermuda-based Arch Capital Group said June 8 that it launched an underwritten public secondary offering of 6,381,410 common shares "by certain selling shareholders affiliated with American International Group."   9 June 2017

News

Swiss Re puts Cyclone Debbie claims at $350m, total insured market losses at $1.3bn

Swiss Re has reported its claims estimate for tropical Cyclone Debbie at around $350 million.   13 April 2017

Insurance

Allianz Insurance appoints claims major loss manager

UK-based Allianz Insurance, part of the Allianz Group, has appointed Bob Dawson to the position of claims major loss manager.   13 April 2017

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