Marsh partners in commercial blockchain solution for proof of insurance
Insurance broker Marsh is launching a commercial blockchain solution for proof of insurance in collaboration with IBM, ACORD and ISN.
Monument Re acquires run-off portfolio from Belgian insurer Ethias
Bermuda-based Monument Re, through its European subsidiary Laguna Life, has acquired a run-off portfolio of flexible premium retail life insurance contracts from Ethias, known as the First A Portfolio.
Sunderland Marine CEO steps down
Tom Rutter, chief executive officer of Sunderland Marine, is to retire on June 30 after nearly four decades with the company.
BAM seals collateralized reinsurance agreement with Fidus Re
New York-based Mutual insurer of US municipal bonds Build America Mutual (BAM) is expanding its claims-paying resources by $100 million through a collateralized reinsurance agreement with Fidus Re, a special-purpose insurer created solely to provide collateralized reinsurance protection to BAM.
Cyclone Friederike insured losses reach €1.63bn
The re/insurance industry loss from extratropical cyclone Friederike (also called David) has reached €1.63 billion, according to Zurich-based catastrophe insurance data provider PERILS.
MGA launches in Hong Kong under former Nexus executive
London-based insurance broker HWI International Group is launching a new managing general agent (MGA) in Hong Kong to begin underwriting on July 1, 2018.
New AI-powered cyber underwriting firm launches
Envelop Risk, a new global specialty cyber insurance analytics and underwriting firm, has been launched in London.
PartnerRe taps Hannover Re EVP for US life business
Bermuda-based PartnerRe has appointed Hannover Re's Chris Shanahan as executive vice president, corporate development, US life.
AXIS unveils new initiative to tackle cyber risks
Re/insurer AXIS Capital Holdings has launched a cyber centre of excellence to provide products and solutions for mitigating cyber threats associated with companies’ tangible and intangible assets.
Insurtech startup Konsileo secures £2.7m to scale up operations
London-based commercial insurance broker Konsileo has raised £2.7 million in Series A funding from Belgravia-based technology investor Committed Capital.
