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Insurance
The Blockchain Insurance Industry Initiative (B3i) is to build its applications and business network on the Corda blockchain platform, which is developed by software firm R3. 20 June 2018
Insurance
Liberty Mutual has appointed Shaun Kelly as president of distribution for Global Risk Solutions (GRS) operating unit and Matthew Dolan as president of North America specialty. 20 June 2018
Insurance
Lincoln Financial Group has introduced online chat capabilities called ‘Ask Abe’ that are able to help customers with instructions for completing common, simple transactions such as changing a beneficiary or obtaining a copy of a policy. 20 June 2018
Insurance
Insurtech start-up Fabric has secured a $10 million Series A investment from RGAx, the innovation and digital business unit of Reinsurance Group of America, Bessemer Venture Partners and Silicon Valley Bank, which provided a credit facility. 19 June 2018
Insurance
Texas Security General Insurance Agency, a subsidiary of insurance broker Brown & Brown, has acquired Texas Commercial Insurance Facilities (TCIF) and Arkansas Insurance Facilities (AIF) from Loving and Etheredge. 19 June 2018
Insurance
Run-off specialist Enstar Group is pondering a sale of Atrium Underwriting, which writes business through Lloyd’s syndicate 209, and StarStone Insurance, its speciality insurance unit with a global presence. 19 June 2018
Insurance
Barbican Insurance Group has appointed Lauren Webb as a class underwriter for cyber within Lloyd’s Syndicate 1955. She joins from property/casualty insurer Chubb. 19 June 2018
Insurance
Lloyd’s Lab, the global insurance market’s new innovation accelerator, has launched a global search for what it describes as tech talent to partner with the Lloyd’s market and develop solutions for its unique and rapidly changing needs, in a fast-track, fast-fail environment. 19 June 2018
Insurance
Viva Republica, a South Korean fintech startup that developed financial services app Toss, has secured a $40 million round of funding from Singapore-based investment firm GIC and Sequoia China. 19 June 2018
Insurance
Re/insurer XL Catlin has entered into an underwriting agreement with a new insurtech-focused programme administrator Bamboo Insurance to provide property insurance in California. 19 June 2018
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