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Singapore Re posts profit in Q1
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.
Miller taps Marsh and RKH execs for credit and political risks
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.
Mumbai insurtech receives $22m in funding
Coverfox, an online insurtech startup based in Mumbai, has raised $22 million in Series funding, led by International Finance Corp (IFC) and Transamerica.
Starr reveals leadership promotions in casualty units
Insurance firm Starr Companies has made several leadership promotions for the New York region and casualty business units.
The Standard partners with insurtech accelerator Plug and Play
Standard Insurance Company has entered into a strategic partnership with Plug and Play Insurtech, a startup accelerator and open innovation platform.
WR Berkley moves BerkleyNet president to oversee certain operations
US insurer WR Berkley has appointed James Gilbert as an executive vice president with oversight responsibility for certain of the company’s operating units.
AIG splits Europe business between UK, Luxembourg ahead of Brexit
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.
Allstate faces $361m cat losses in Q1, 2018
US personal lines insurer Allstate Corporation estimated catastrophe losses at $361 million, pre-tax, and $285 million after-tax, for the first quarter 2018.
Ardonagh grows 2017 income by 11% through acquisitions
Insurance broker Ardonagh has boosted its income in 2017 by 11 percent year on year to £536 million driven by acquisitions.
Blocksure technology could split premiums at source
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.
