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Insurance
US property/casualty insurer AmTrust Financial Services has partnered with several Israeli technology startups in order to automate and enhance business processes, according to a Feb. 1 press release. 1 February 2018
Insurance
Bermuda-based RenaissanceRe Holdings reported a net loss attributable to shareholders of $3.5 million for the fourth quarter of 2017 but claims “strong execution at the January 1 renewals”. 1 February 2018
Insurance
Insurers have received nearly 45,000 insurance claims totalling more than $11.79 billion in losses from the wildfires that burned across the state in October and December 2017, according to insurance commissioner Dave Jones. 1 February 2018
Insurance
Storm Friederike is expected to increase German property/casualty (P&C) insurers’ full-year 2018 combined ratio by 1 to 2 percentage points, according to Moody’s. 31 January 2018
Insurance
UK-based insurtech firm Inzura has completed its first major funding round raising $1 million in funds. 31 January 2018
Alternative Risk Transfer
Institutional asset owners are increasingly confident in allocating to insurance-linked securities (ILS) and would remain invested even after a major hurricane, according to a recent survey of 100 institutional asset allocators. 31 January 2018
Insurance
Cloud-based property management solutions provider TenantCloud is partnering with risk manager Assurant, according to a Jan. 30 press release. 31 January 2018
Insurance
Swiss Re has further strengthened its presence in Asia with the launch of its regional headquarters Swiss Re Asia in Singapore, and appointed a new regional board of directors for the entity. 31 January 2018
Alternative Risk Transfer
Nephila Holdings is expanding its weather and ESG-driven business with the launch of a new specialty division, Nephila Climate (NCx). 31 January 2018
Insurance
Paragon Insurance Holdings, a multi-line specialty managing general agency (MGA), said Jan. 29 that Edgewood Partners Insurance Center (EPIC) and Oak Hill Capital Partners have acquired an equity stake in the company. 30 January 2018
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