SoFi grows insurance portfolio with AI driven Lemonade and mobile data insurer Root
SoFi, the online financial services provider, has partnered with AI powered-insurer Lemonade and smartphone and data science auto insurer Root to expand its insurance portfolio.
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.
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.
London market needs to invest in workforce to see digital transformation thrive
The insurance workforce needs to evolve to work effectively with new technologies as the London market embraces modernisation and transformation initiatives, suggests a new report by PwC and the Lloyd's Market Association (LMA).
UK construction ‘threatened by severe insurance changes’ in 2019
UK construction and engineering companies face “severely adverse changes to their insurance policy conditions” in the year ahead, which “will threaten construction companies’ ability to do business”, according to Mactavish, a commercial insurance placement and disputes firm.
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.
China's Anbang sells Belgian insurer Fidea to Baloise Group for €480m
Swiss insurer Baloise Group is acquiring Belgian multi-sector insurer Fidea NV from the Chinese Anbang Insurance Group for €480 million.
Markel internal inquiry finds ‘no evidence’ CATco misled on loss reserves
An internal investigation by Markel Corporation into loss reserves in late 2017 and early 2018 at its CATCo found “no evidence” employees deliberately misled investors.
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.
Ditch Voce proxy ballot cards, urges Argo ahead of 2019 AGM
Argo has urged its shareholders to ignore voting cards and information they may have received from activist investor Voce Capital Management that could be used to vote out board members and replace them with Voce nominees.
