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Accurately assessing damage, risk and claims for natural catastrophes has always been difficult. But McKenzie Intelligence Services is harnessing big data from satellites, ground sensors and even the internet of things to give insurers a much clearer picture and claims estimate. Forbes McKenzie, CEO of the business, tells Intelligent Insurer more. 27 February 2019
Alternative Risk Transfer
Insurance Australia Group (IAG) has issued its first catastrophe bond; the deal also the first to be domiciled in Singapore, using its new insurance-linked securities (ILS) laws. 27 February 2019
Insurance
As the clock ticks down on Brexit, Germany has adopted a provision to extend passporting rights for UK insurers if there is no deal. 27 February 2019
Insurance
US-based property/casualty insurer The Hanover Insurance Group has expanded its specialty leadership team with a series of talent investments. 27 February 2019
Insurance
UK-based insurtech startup By Miles, which provides pay-per-mile car insurance, has raised raises £5 million in Series A funding led by Octopus Ventures. 27 February 2019
Insurance
Montreal-based Insurtech startup Breathe Life has raised CA$4.5 million ($3.4 million) in its seed round of funding led by Diagram Ventures with participation from Real Ventures. 27 February 2019
Insurance
Bermuda-based AXIS Capital Holdings has expanded its board of directors with the appointed of Lizabeth Zlatkus. She has previously held several senior management positions at The Hartford Financial Services Group during her 28-year tenure at the company. 27 February 2019
News
Insurers that provide professional liability cover to US architects and engineers (A/E) saw significant premium growth last year despite a competitive market and flat rates, a survey has found. 26 February 2019
Insurance
FedNat Holding Company is to acquire Maison Insurance Company and other homeowners insurance entities from 1347 Property Insurance Holdings (1347 PIH) in a $51 million deal. 26 February 2019
News
Re/insurer Hiscox CEO Bronek Masojada praised the company’s “strong growth” in its 2018 results as he said the “tough action” taken in its London Market business was paying off. 25 February 2019
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