Articles

Insurance

Insurtech Bought By Many closes £15m Series B funding round

Insurtech Bought By Many has closed a £15m Series B funding round led by CommerzVentures, the corporate venture capital arm of Germany’s Commerzbank with participation of insurance broker Marsh.   3 July 2018

Insurance

Fitch places Elite Insurance on Rating Watch Negative

Fitch Ratings said July 7 that it has placed Gibraltar-based Elite Insurance Company’s Insurer Financial Strength (IFS) rating of 'BBB-' on Rating Watch Negative (RWN).   10 July 2017

Insurance

P/C unit drives strong performance at Allianz

The insurer made a net profit of €1.9 billion in the third quarter, an increase of 23.6 percent compared with the same period the year before.   9 November 2018

Insurance

AIG losses more than double in Europe in 2017

AIG Europe reported a pre-tax loss of £431.5 million for 2017 (ending Nov. 30, 2017) after a negative £171.1 million in the 2016 financial year.   18 May 2018

Insurance

ACLI appoints new CEO as Kempthorne departs

The American Council of Life Insurers (ACLI) has appointed Susan Neely as president and CEO, succeeding Dirk Kempthorne, who has stepped down after eight years at the helm of the ACLI.   18 May 2018

Insurance

Markel hires political risk underwriter from Sompo Canopius

Specialist insurer Markel International has appointed Alex Holcroft as political risk underwriter in Singapore.   7 August 2017

Insurance

ICA declares catastrophe after storms hit Victoria, Australia

The Insurance Council of Australia (ICA) has declared a catastrophe for damage caused by storms that struck parts of regional Victoria and metropolitan Melbourne on Tuesday December 19.   21 December 2017

Insurance

Aviva sells Italian joint venture for €265m

UK insurer Aviva said on Sept. 29 that it has agreed to sell its entire shareholding in its joint venture in Italy, Avipop Assicurazioni, which includes its wholly owned subsidiary Avipop Vita, to Banco BPM for a cash consideration of €265 million.   2 October 2017

Insurance

US Risk hires vice president from Essent Group

Texas-based specialty lines underwriting manager and wholesale broker US Risk has hired Matthew McCampbell as executive vice president of corporate strategy and development.   9 June 2017

Insurance

Topa appoints Chang to manage reinsurance operation

US-based Topa Insurance has named Olive Chang assistant vice president of reinsurance and programmes, based in the company's Calabasas, California office.   9 June 2017

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