Articles

Insurance

GRP promotes Bruce to group MD

Broking firm Global Risk Partners (GRP) has appointed Mike Bruce to the newly created role of group managing director.   17 December 2018

Insurance

Brit creates ransom offering

Fairfax-owned specialty insurer Brit has partnered with crisis law firm Schillings Critical Risk to create a comprehensive kidnap for ransom offering.   14 December 2018

Insurance

Enstar, Allianz, Hillhouse invest $470m in Enhanzed Re

Bermuda-based Enstar Group, Germany’s Allianz and investment firm Hillhouse have made equity investment commitments in aggregate of $470 million as part of a joint venture to Enhanzed Reinsurance, a Bermuda-based Class 4 and Class E reinsurer.   12 December 2018

Insurance

AXIS extends CEO Benchimol's contract to 2023

Bermuda-based re/insurer AXIS Capital Holdings has extended the contract of president and CEO Albert Benchimol until Dec. 31, 2023.   12 December 2018

Insurance

PE firm creates €10m insurtech fund for Europe investments

Private equity firm Odysseus Alternative Ventures (OAV) has partnered with the APICIL Group, a French social protection provider, to create Insurtech Capital I. with a commitment of €10m.   12 December 2018

Insurance

SCOR strikes £1.2bn PIC longevity deal

French reinsurer SCOR has completed a £1.2 billion longevity reinsurance deal with Pension Insurance Corporation (PIC), a specialist insurer of defined benefit pension funds.   11 December 2018

News

Incumbents may be falling behind in the insurtech race

As money continues to pour into insurtech ventures, there is evidence that only the big, global technology players and true venture capital firms have pockets deep enough to precipitate true disruption in the insurance space. Simon Hayes investigates where this will leave the incumbent players.   11 December 2018

Insurance

AI-powered insurtech Zesty.ai raises $13m capital for expansion

US-based artificial intelligence (AI) startup Zesty.ai has secured a $13 million investment in its Series A financing round, led by Luxembourg-based private investment fund Blamar.   10 December 2018

Insurance

Munich Re, White Mountains-backed insurtech Buzzvault launches in London

Insurtech home insurer Buzzvault, which is backed by White Mountains Insurance Group and reinsurer Munich Re, has opened for business in London.   10 December 2018

Insurance

Draycott to replace Hearn as Ed CEO

Reinsurance, wholesale and specialty broker Ed has appointed Andrew Draycott as CEO-designate of Ed Broking in London.   10 December 2018

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