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W.R. Berkley invests in AI firm Pypestream

North America17-12-2018Insurance news, Reinsurance News, Technology News

Property/casualty insurer W.R. Berkley Corporation has led a more than $15 million investment round in artificial intelligence (AI) solutions startup Pypestream.

AXIS hires senior cyber underwriter from Markel

Bermuda, North America13-12-2018Insurance news, Reinsurance News, Technology News

Bermuda-based AXIS Insurance, a unit of AXIS Capital Holdings has hired Andrew Maher as senior cyber underwriter, effective immediately.

PE firm creates €10m insurtech fund for Europe investments

Europe12-12-2018Insurance news, Technology News

Private equity firm Odysseus Alternative Ventures (OAV) has partnered with the APICIL Group, a French social protection provider, to create Insurtech Capital I. with a commitment of €10m.

QBE unveils A$200m cost cutting programme

Asia Pacific, North America11-12-2018Insurance news, Reinsurance News, Technology News

Australia-based insurer QBE is implementing measures targeting more than A$200 million ($144 million) in gross cost savings by 2021.

Sompo expands US cyber insurance capabilities

North America11-12-2018Insurance news, Reinsurance News, Technology News

Bermuda specialty re/insurer Sompo International Holdings is expanding its cyber insurance capabilities in the US by creating a dedicated US team focused on cyber offerings, an enhanced cyber and professional liability product, and an expanded suite of cyber risk management services.

AI-powered insurtech raises $13m capital for expansion

North America10-12-2018Insurance news, Technology News

US-based artificial intelligence (AI) startup has secured a $13 million investment in its Series A financing round, led by Luxembourg-based private investment fund Blamar.

Munich Re, White Mountains-backed insurtech Buzzvault launches in London

London, UK10-12-2018Insurance news, Technology News

Insurtech home insurer Buzzvault, which is backed by White Mountains Insurance Group and reinsurer Munich Re, has opened for business in London.

AIG chief data officer joins AI insurtech Planck Re

North America10-12-2018Insurance news, Technology News

American International Group's (AIG's) chief data officer Leandro DalleMule has joined insurtech startup Planck Resolution as general manager, North America.

Insurtech Concirrus hires new COO from Marsh

London, UK06-12-2018Insurance news, Technology News

London-based insurtech company Concirrus has appointed Nick Roscoe as its chief operating officer (COO) as it looks to drive change through the adoption of technology in the marine insurance market.

Chubb to cut $500m in cost through AI, robotics

Global, North America04-12-2018Insurance news, Reinsurance News, Technology News

Chubb believes that it can achieve more than $350 million in savings by year-end 2022 and $500 million by year-end 2023 through the use of robotics and artificial intelligence (AI) as it eliminates low-value activities, according to a December 2018 investor presentation.

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