Articles

Insurance

Travelers acquires majority stake in Toronto-based Zensurance

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

Insurance

Startups target $15bn title insurance business

Tech-focused startups are targeting the $15 billion title insurance industry that’s dominated by just four companies, according to an Aug. 22 Bloomberg News report.   23 August 2018

Insurance

Ardonagh reduces loss in H1

UK insurance intermediary Ardonagh group has lowered its losses in the first half of 2018 compared to the same period of 2017 while investing in the business.   23 August 2018

Insurance

MetLife bolsters Asia leadership in growth move

Insurer MetLife has announced new leadership appointments to further grow its business in the Asia region.   23 August 2018

Insurance

Technology and Lloyd’s create tailwinds for RSG in choppy marine market

Ryan Specialty Group has a growing presence in the marine market — a confluence of market conditions and its own strategic decisions could mean further growth, as Intelligent Insurer finds out.   23 August 2018

Insurance

The Hartford expands product offering through Navigators acquisition

Hartford Financial Services Group is acquiring The Navigators Group for $2.1 billion in a move that will see the US insurer expand its offerings and underwriting risk appetite.   22 August 2018

Insurance

The Hartford acquires Navigators for $2.1bn in cash

US-based Hartford Financial Services Group has entered into a definitive agreement to acquire global specialty insurance holding The Navigators Group in an all-cash transaction of approximately $2.1 billion.   22 August 2018

Insurance

Irish central bank fines PartnerRe for overstated solvency positions

The Central Bank of Ireland has fined PartnerRe Ireland Insurance and Partner Reinsurance Europe a combined €1.5 million.   22 August 2018

Insurance

Insurtech-based premiums to exceed $400bn by 2023

Insurance premiums generated by emerging insurtech services will exceed $400 billion by 2023, up from an estimated $187 billion in 2018, according to a study by Juniper Research.   22 August 2018

Insurance

AIG replaces chief information officer

American International Group (AIG) has hired John Repko as executive vice president, chief information officer (CIO), succeeding Martha Gallo who is leaving AIG to pursue other interests.   22 August 2018

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