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Insurance
Reinsurance broker TigerRisk Partners has appointed Megan Stewart Hodge as a partner and head of client strategy, based in Chicago. 16 October 2017
Insurance
The political uncertainty created by events following Catalonia’s independence referendum has created volatility in Spanish insurers’ investment portfolios and raised concerns about future access to business, according to AM Best. 16 October 2017
Insurance
Weather risk management provider Meteo Protect has been named a coverholder at Lloyd’s. 16 October 2017
Insurance
Africa’s $6.8 billion reinsurance market is expected to recover markedly in 2018 with executives bullish about the prospects for their markets, according to annual research report Africa Reinsurance Pulse 2017. 16 October 2017
Insurance
Hiscox Re and ILS has launched a new US personal lines flood product, available to its insurance carrier, according to an Oct. 16 statement. 16 October 2017
Insurance
Zurich said that it is selling its UK workplace pensions and savings business with assets under administration of more than £15 billion and around 500,000 customers to Lloyds banking group (LBG). 16 October 2017
Insurance
Californian automaker Tesla is partnering with Liberty Mutual Insurance to offer an auto insurance plan designed specifically for its electric cars in the US, Bloomberg News reported on Oct. 13. 16 October 2017
Insurance
The Indian government raised about 98 billion rupees ($1.5 billion) on Oct. 13 by selling some of its shares in the nation’s top reinsurer General Insurance Corp of India (GIC Re), Reuters reported on the same day. 16 October 2017
Insurance
Lloyd’s has paid close to three quarters of a billion dollars ($738 million) in claims so far for Hurricanes Harvey, Irma and Maria, said Jon Hancock, performance management director at Lloyd’s. 16 October 2017
Insurance
Insurtech startup CoverWallet has closed an $18.5 million series B funding round led by Foundation Capital with participation from existing investors Union Square Ventures, Index Ventures, CV Starr, and Two Sigma Ventures. 16 October 2017
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