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Lemonade, Metromile, Root struggle to reach underwriting profits

Global, North America29-08-2018

The venture-backed full-stack US insurtech startups continued to show rapid premium growth in the second quarter of 2018 with moderately lower underwriting losses but they have yet to generate a sustainable loss ratio under 100 percent, according to “The Second Quarter in InsurTech Start-up Financials” by Matteo Carbone.

Swiss Re-backed FWD insurance group weighs IPO

Asia Pacific, Europe29-06-2018Insurance news

Asian life and general insurer FWD Group has held preliminary discussions with investment banks about a possible initial public offering (IPO) as part of regular meetings about the insurer’s strategy, Bloomberg News reported citing people familiar with the matter.

Serious Fraud Office investigates CBL Insurance

Asia Pacific27-06-2018Insurance news, Reinsurance News

New Zealand’s Serious Fraud Office is now investigating CBL Insurance and associated entities, adding to investigations by the Reserve Bank and Financial Markets Authority.

Airmic report claims CROs still vital

Global, UK12-06-2018Insurance news, Reinsurance News

The need for businesses to have chief risk officers (CROs) as a single person to oversee all aspects of risk is greater than ever, says a new report from Airmic and international consultants Oliver Wyman with support from Marsh.

Crawford appoints former SCOR exec to Lloyd’s unit

Canada, London Market, North America21-05-2018Insurance news

Crawford & Company (Canada), a provider of claims management solutions, has appointed Sandra Harbans to its Lloyd’s unit as director of operations. Harbans has previously worked for SCOR and Northbridge.

IMA appoints new chief operations officer

North America27-03-2018Insurance news

US-based IMA Financial Group has hired Anna Ewing, a former chief financial officer of Vodafone Americas, as its chief operations officer.

VIG Re revamps management structure in efficiency push

Europe05-03-2018Insurance news, Reinsurance News

Czech Republic-based reinsurer VIG Re has realigned its organisational structure and management responsibilities. The changes, which it claims will drive “operational efficiencies”, are effective from April 1, 2018.

AXIS outlook revised to negative due to insurance operations

Bermuda19-02-2018Insurance news, Reinsurance News

AM Best has revised the outlooks to negative from stable of AXIS Capital Holdings and its operating subsidiaries, according to a Feb. 16 press release.

CNA appoints new technology and operations leaders

North America05-02-2018Insurance news, Specialty, Technology News

Insurer CNA has appointed Bahr Omidfar as senior vice president and chief technology officer, and Joyce Trimuel as chief operations & diversity officer.

Lockton appoints COO of US Pacific operations

North America17-01-2018Insurance news

Insurance broker Lockton has promoted Nate Mundy to senior vice president and chief operating officer of its Pacific operations in the US.

Showing 1 to 10 of 212 results

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