Articles

Insurance

Acrisure launches new AI-backed brokerage with investment firm Tulco

US-based insurance broker Acrisure and investment firm Tulco Holdings have teamed up to launch Altway Insurance, a direct-to-consumer brokerage platform which is fully supported by artificial intelligence.   20 September 2019

Insurance

Munich Re-backed commercial auto insurtech Inshur plans global expansion; hires Uber veteran to lead strategy

Munich Re-backed insurtech Inshur, a provider of commercial auto insurance for private hire drivers, has strengthened its leadership team to support its market expansion plans globally. The company currently operates in New York and the UK.   19 September 2019

Insurance

Generali launches new specialty insurance division in the US

The US arm of Italian insurer Generali Group has launched a new specialty insurance division focused on warranty services and solutions.   19 September 2019

Alternative Risk Transfer

Markel taps Hamilton's Brenton Slade to build new ILS fund Lodgepine

Markel Corporation has hired Hamilton's Brenton Slade as president of Lodgepine Capital Management, its new retrocessional insurance linked securities (ILS) fund based in Bermuda.   19 September 2019

Insurance

Firms ‘struggle’ to build strong cybersecurity culture’ as leaders spend less than a day a year on cyber risk, finds Marsh

A majority of board members and senior executives with responsibility for their organisation’s cyber risk management spent “less than a day in the last year” focusing on cyber risk issues, according to a survey from insurance broker Marsh and tech company Microsoft.   18 September 2019

Insurance

Bahrain’s Trust Re hires new executive management talent to boost corporate governance; forms committee

Reinsurance firm Trust Re, headquartered in the Kingdom of Bahrain, has strengthened its executive management team with new appointments and formed a new executive committee.   18 September 2019

Insurance

Lloyd’s Neal reveals £2.3bn profit in H1 2019 but says ‘brave choices’ ahead

Lloyd’s of London has posted a £2.3 billion profit before tax for the first six months of 2019, prompting CEO John Neal to emphasise the importance of “maintaining momentum” and the need for ‘brave choices’ in the future.   18 September 2019

Insurance

Technology, Brexit and regulation top recurring concerns for insurance, finds law firm Beachcroft

Brexit, technology and regulation lead the key concerns of insurers in the latter half of 2019, according to a report by law firm DAC Beachcroft.   17 September 2019

Insurance

US insurtech Broker Buddha secures $4.5m funding for expansion

Insurtech platform Broker Buddha that simplifies the commercial insurance application and renewal process has raised $4.5 million in a funding round led by Vertex Ventures.   17 September 2019

Insurance

Cyber risk modelling start-up Kovrr raises $5.5m; sets out to tackle silent cyber with new approach

Israel-headquartered cyber risk modelling firm Kovrr has raised $5.5 million in its latest funding round led by venture capital firms StageOne Ventures and Mundi Ventures, with participation of Banco Sabadell and other private investors.   17 September 2019

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