Articles
Insurance
Ashmere Insurance Company (AIC), a Florida-based workers’ compensation specialty insurance company placed itself into voluntary runoff after learning that its reinsurance treaties could not be renewed. 30 August 2018
Insurance
Canadian blockchain-based insurtech firm Heluss has entered into an agreement with Southeast Asian fintech investment platform HelloGold over supply of gold and custody services. 30 August 2018
Insurance
Amazon’s rumoured plan to set up an insurance price comparison service is unlikely to cause much impact in the insurance industry and there would be far more disruptive opportunities for Amazon to enter the market, insurtech Bought By Many co-founder Steven Mendel, told Intelligent Insurer. 30 August 2018
Insurance
Tough market conditions for global reinsurers is forcing them to review their long-term relevance and many are resorting to M&A to build scale, acquire expertise, and diversify, according to S&P Global Ratings. 24 August 2018
Insurance
Venture capital firm Beat Capital Partners and insurance investment vehicle Paraline UK are to merge in a move designed to "enhance and further build Beat’s platform to support independent underwriting businesses". 24 August 2018
Alternative Risk Transfer
Arch Capital Group’s US mortgage insurance operation Arch Mortgage Insurance Company has secured $653.3 million of indemnity reinsurance from Bellemeade Re 2018-2, a special purpose insurer. 24 August 2018
Insurance
Legal & General has entered the longevity insurance market for smaller schemes by completing a £300 million longevity insurance contract with an unnamed mid-tier pension scheme. 24 August 2018
Insurance
Hawaii has been hit with strong winds and torrential rain as Hurricane Lane approaches the US state, causing flash flooding and landslides, according to an Aug. 24 BBC News report. 24 August 2018
Insurance
New York-based Oscar Health, a technology-focused health insurance company, has secured $375 million from Google’s parent company Alphabet. 24 August 2018
Insurance
US-based property/casualty insurer Travelers has acquired a majority stake, approximately 60 percent, in the Canadian fintech start-up Zensurance for roughly C$16 million ($12.2 million), according to BetaKit. 24 August 2018
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