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Carlyle Group buys majority stake in Sedgwick in $6.7bn deal
Insurance
Private equity firm The Carlyle Group will acquire the majority ownership of technology-driven risk solutions provider Sedgwick in a transaction valued at approximately $6.7 billion.   13 September 2018
Flooding from Florence could trigger NFIP’s protection – again
Alternative Risk Transfer
Hurricane Florence could trigger the risk transfer mechanisms put in place by the National Flood Insurance Program (NFIP) – for the second year in a row.   13 September 2018
Insurance
MSIG Insurance in Singapore has partnered with Anapi, an insurtech startup, to offer new insurance products digitally quickly.   13 September 2018
Insurance
UK insurtech startup Wrisk, which has now raised £1 million via crowdfunding website Seedrs, has secured a deal to become the sole BMW and MINI Car Insurance in the UK.   13 September 2018
Insurance
Property/casualty insurer Travelers Companies has appointed Mojgan Lefebvre as executive vice president and chief information officer. She succeeds Madelyn Lankton, who will retire this month after 36 years with Travelers.   12 September 2018
Insurance
Liberty Mutual has launched a new global transaction solutions (GTS) unit to serve the growing market for mergers & acquisitions (M&A) insurance solutions.   12 September 2018
Insurance
The reinsurance market must accept that buyers won’t pay a higher price and instead focus on increasing efficiencies in how business is transacted, Michael Papworth, head of Asia and property & casualty at Miller, told Monte Carlo Today.   12 September 2018
Alternative Risk Transfer
Some insurance-linked securities (ILS) funds could find themselves in hot water because of how badly they miscalculated their losses in the aftermath of the 2017 catastrophes, John Warwick, managing director and partner, ILS Capital, told Monte Carlo Today.   12 September 2018
Insurance
Run-off specialist DARAG is eyeing expansion in the US and is also in the market to acquire a vehicle in the UK that would guarantee its access to the UK after Brexit, Tom Booth, its chief executive since July, told Monte Carlo Today.   12 September 2018
Insurance
The capabilities to underwrite floods in the US and reduce the protection gap are now available and in place, Edouard Schmid, Swiss Re’s chief underwriting officer, told Monte Carlo Today.   12 September 2018

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