Sompo expands US cyber insurance capabilities
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.
RFIB hires Willis exec to lead specialty business
Lloyd’s broker RFIB Group has hired a Willis Re executive as managing director of its specialty business that underwent a restructuring recently.
AI-powered insurtech Zesty.ai raises $13m capital for expansion
US-based artificial intelligence (AI) startup Zesty.ai has secured a $13 million investment in its Series A financing round, led by Luxembourg-based private investment fund Blamar.
US commercial insurance prices rise further in Q3
Commercial insurance prices in the US increased by over 2 percent year on year in the third quarter of 2018, according to Willis Towers Watson’s Commercial Lines Insurance Pricing Survey.
Ed creates Bermuda unit for international expansion
Reinsurance, wholesale and specialty broker Ed is setting up a new broking platform in Bermuda which it describes as an "important (re)insurance hub" to further expand its international footprint.
Hyperion group CFO departs; interim successor revealed
The group chief financial officer (CFO) of Hyperion Insurance Group, Oliver Corbett, is leaving the company at the end of December.
Everest poaches CUO from Travelers in Canada
Everest Re Group has appointed Kevin Pinto as new chief underwriting officer (CUO) of Everest Insurance Company of Canada (EvCan).
Munich Re, White Mountains-backed insurtech Buzzvault launches in London
Insurtech home insurer Buzzvault, which is backed by White Mountains Insurance Group and reinsurer Munich Re, has opened for business in London.
Draycott to replace Hearn as Ed CEO
Reinsurance, wholesale and specialty broker Ed has appointed Andrew Draycott as CEO-designate of Ed Broking in London.
Peak Re unveils first Asian reinsurance sidecar
Hong Kong-based Peak Reinsurance Company has launched what it described as Asia’s first sidecar transaction.
