Articles

Insurance

ABI welcomes UK government’s new chancellor Sajid Javid

As Prime Minister Boris Johnson started selecting his cabinet yesterday, after being chosen as leader of the Conservative party, his choice of Sajid Javid for chancellor was welcomed by the Association of British Insurers (ABI).   25 July 2019

Insurance

Insurtech Hippo secures $100m to fund expansion; targets 80% coverage of US

Hippo, a California-based insurtech focused on the home insurance market, has secured $100 million Series D funding to fuel expansion of its footprint in the US.   25 July 2019

Insurance

Australia's PSC Insurance to acquire Lloyd's broker Paragon for an estimated £42m

Australian broker PSC Insurance Group is acquiring 100 percent of the share capital of Lloyd’s and London Market broker Paragon International Holdings for a base consideration of £42 million (approximately A$75 million).   25 July 2019

Insurance

AIG appoints Waldner as first chief sustainability officer to lead strategy

American International Group (AIG) has created a position of chief sustainability officer to lead the development and implementation of a company-wide sustainability strategy.   25 July 2019

Insurance

MGAguard unveils new tech-driven platform targeting hospitality and taverns industry

Florida-based MGAguard, a new technology-enabled platform for specialty insurance underwriting, has commenced operations targeting the hospitality and taverns industry.   25 July 2019

Insurance

Kingstone exits "volatile" commercial liability lines after new CEO evaluates performance

Property/casualty insurer Kingstone Companies has decided to no longer underwrite commercial liability risks following a review by its new chief executive Barry Goldstein.   24 July 2019

Insurance

Insurtech Confused.com appoints first COO to lead product strategy

UK-based insurtech Confused.com, a digital marketplace for car insurance, has appointed Stephen Dukes as its first chief operating officer (COO) to lead product strategy and enhance customer experience.   24 July 2019

Alternative Risk Transfer

Hiscox appoints Andrew Hughes to lead ILS business

Specialist insurer Hiscox has promoted Andrew Hughes to the role of managing principal for its insurance-linked securities (ILS).   23 July 2019

Insurance

London-based Insurtech Gateway launches in Australia post £30m fundraise

Gateway, a London-based insurtech incubator that recently closed the first tranche of a new £30 million investment fund, has launched in Australia, and is exploring partnerships in Asia, North America and Central Europe.   23 July 2019

Insurance

HDI Global Specialty acquires Swedish MGA Svedea in expansion strategy

HDI Global Specialty SE, a joint venture of Hannover Re and HDI Global SE, has acquired alternative specialty lines managing general agent (MGA) Svedea to strengthen its position in Sweden.   23 July 2019

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