Articles

Insurance

Glass Lewis and ISS back CIAM calls to block Kessler’s SCOR payout

Proxy advisory firms Glass Lewis and ISS have urged SCOR shareholders to vote against large remuneration and compensation packages for SCOR chairman and CEO Denis Kessler, ahead of the company’s AGM on 26 April in Paris.   17 April 2019

Insurance

Capsicum Re swoops for Guy Carpenter MD to expand mortgage indemnity reinsurance business

Guy Carpenter's Stephen Mathews has joined specialist reinsurance broker Capsicum Re's mortgage indemnity reinsurance division. Based in New York, he will head up the division’s global analytics capability.   17 April 2019

Insurance

Liberty Mutual buys AmTrust's global surety, credit reinsurance business

Liberty Mutual Insurance is to acquire the global surety and credit reinsurance operations of AmTrust Financial Services in a move it hopes will support its "goal of becoming a top three global commercial re/insurer".   16 April 2019

Insurance

PartnerRe appoints AXIS Re's Jonathan Colello as Americas P&C CEO

Reinsurer PartnerRe has hired AXIS Re's Jonathan Colello as CEO of property and casualty (P&C) Americas, and president of Partner Reinsurance Company of the US.   16 April 2019

Insurance

Everest Re's Brexit subsidiary launches UK branch in expansion move

Everest Insurance Ireland, dac (EIID), the Dublin-based subsidiary of Everest Re Group, is opening a new branch office in the UK to expand its international capabilities.   16 April 2019

Insurance

AXIS Re names new president of EMEA & Latin America

AXIS Re, the reinsurance business segment of Bermuda-based AXIS Capital Holdings, has appointed Andy Hottinger as president of its EMEA LatAm division.   16 April 2019

Alternative Risk Transfer

S&P predicts ‘stable to gradual increases’ in European run-off market

S&P has predicted “stable to gradually increasing activity” in the European property casualty run-off market in a report.   15 April 2019

Insurance

Insurtech start-up Insurdata raises $3m in seed funding

Insurdata, an insurtech firm which intelligently creates, enhances, scores and transfers high resolution, peril-specific exposure and risk data, has secured $3 million from a group of investors led by Anthemis and Menlo Ventures.   15 April 2019

Insurance

Lemonade raises $300m funding to fuel expansion; SoftBank, Allianz, Google Ventures among investors

AI-powered insurtech company Lemonade has secured $300 million in Series D funding round led by Japanese conglomerate SoftBank Group, with participation from Allianz, General Catalyst, GV (Google Ventures - the venture capital investment arm of Alphabet), OurCrowd, and Thrive Capital.   12 April 2019

Insurance

Google's AI venture fund leads $3.85m investment in insurtech start-up Flyreel

US-based insurtech start-up Flyreel, a provider of artificial intelligence-powered underwriting solution for commercial and residential insurers, has secured $3.85 million in funding led by Gradient Ventures, Google’s AI-focused venture fund.   12 April 2019

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