Singapore Reinsurance had a profitable first quarter of 2018, with a profit before tax of $5.94 million, an increase of 13.4 percent year-on-year.
Re/insurance broker Miller has expanded its credit and political risks unit with the hiring of Marsh and RKH Specialty executives, Oscar Moseley and Rosie Denee, in London.
Coverfox, an online insurtech startup based in Mumbai, has raised $22 million in Series funding, led by International Finance Corp (IFC) and Transamerica.
Insurance firm Starr Companies has made several leadership promotions for the New York region and casualty business units.
Standard Insurance Company has entered into a strategic partnership with Plug and Play Insurtech, a startup accelerator and open innovation platform.
US insurer WR Berkley has appointed James Gilbert as an executive vice president with oversight responsibility for certain of the company’s operating units.
American International Group (AIG) is creating two new insurance companies, one in the UK and one in Luxembourg and is splitting the European business among them ahead of the UK leaving the EU.
US personal lines insurer Allstate Corporation estimated catastrophe losses at $361 million, pre-tax, and $285 million after-tax, for the first quarter 2018.
Insurance broker Ardonagh has boosted its income in 2017 by 11 percent year on year to £536 million driven by acquisitions.
Blocksure has developed a revolutionary insurance operating system covering sales, administration, and claims and built on blockchain technology, as chief executive Ranvir Saggu explains to Intelligent Insurer.