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CLARA Analytics, an artificial intelligence (AI) and data science company focused on the property/casualty and disability insurance industries, has raised $11.5 million of Series A funding round led by Oak HC/FT, a private equity fund that invests in healthcare information & services and financial services technology. 5 January 2018
Alternative Risk Transfer
Roman Muraviev, head of cat bonds, and Sandro Kriesch, head of private ILS, at specialist insurance investment manager Twelve Capital, take a look at recent pricing developments. 21 April 2016
Insurance
London-based insurtech company Concirrus launched an AI-powered marine insurance analytics platform called Quest. 20 September 2017
Insurance
Allianz said on Sept. 19 that the supervisory board of its German unit named Klaus-Peter Röhler CEO of the German operations, effective Jan. 1, 2018. 20 September 2017
News
Pimco, the US-based asset management subsidiary of insurer Allianz, has launched a new property and casualty insurance-linked securities (ILS) business. 25 January 2019
Insurance
The chief financial officer of Swiss Re has refused to deny that the reinsurer is in talks with companies other than SoftBank in relation to selling a stake in the company. 4 May 2018
Insurance
Rate increases have tapered off since the January 2018 renewal, with lower, single-digit rate increases in the June and July renewals, according to Megan McConnell, director of underwriting London at Hiscox Re & ILS. 10 September 2018
Insurance
Fitch Ratings has revised its outlook for the global reinsurance sector to stable from negative, saying it believes that earnings have settled at a “new normal”, with return on capital likely to be more modest but less volatile than before. 10 September 2018
Insurance
Maiden Holdings’ board of directors has retained BofA Merrill Lynch to assist the company in evaluating strategic alternatives to enhance the value of the enterprise. 9 April 2018
Insurance
TransRe, the reinsurance arm of Transatlantic Holdings and a wholly owned subsidiary of Alleghany Corporation, has made a series of appointments in North America, Latin America & Caribbean and Hong Kong. 9 April 2018
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