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UK-based insurtech Cytora, a provider of AI-powered solutions for the commercial insurance industry, has raised £25 million funding to expand its product suite and scale into new geographies. 17 April 2019
Insurance
Focus is on generating superior returns through its MGA 15 November 2019
Insurance
Norwegian aluminium and renewable energy company Norsk Hydro, which suffered a severe ransomware attack last week, has estimated that total losses from the incident have already reached 300-350 Norwegian crowns (nearly $40 million). 27 March 2019
Insurance
Specialist re/insurance market Lloyd’s of London has appointed Jennifer Rigby as new chief operations officer (COO). 2 July 2019
Insurance
CorRisk Solutions, a part of Ryan Specialty Group (RSG), has hired Donna Belvedere to lead its professional liability team, based in New York. 15 May 2019
Insurance
Dual, the underwriting arm of Hyperion Insurance Group, has launched a simplified worldwide binder structure which brings $425 million of non-US international capacity together in a quota share vehicle. 14 October 2014
Insurance
After several years of rapid growth in terms of its headcount and product offering, Everest Insurance North America, the specialty insurance operation of the Everest Re Group, has entered a period of fine-tuning the business and executing as the rewards of the expansion start to filter through, Mike Mulray, chief underwriting officer of the business, told PCI Today. 30 October 2018
Insurance
Legacy can be an attractive alternative to raising capital via an equity or bond issue, or reinsurance. 15 September 2020
Insurance
Artur Klinger, chief underwriting officer at the more than 90-year-old NewRe, told Monte Carlo Today that more companies are recognising the value of reinsurance once again. 11 September 2019
Insurance
An increase in losses from unmodelled non-catastrophe events has again illustrated the need for rate increases, Mohit Pande, head of US global property underwriting, Swiss Re, told PCI Today. 30 October 2018
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