News

Insurance

Zurich sells $2bn portfolio to Catalina

Zurich Insurance Group has agreed to sell its pre-2007 UK legacy employers’ liability policies portfolio to Bermuda-based specialist acquirer of legacy insurance portfolios Catalina Holdings.   17 December 2018

Insurance

Hannover Re’s Wallin ‘optimistic’ about growth in annual results

Hannover Re defies “burden of heavy losses” to secure “pleasing growth” in 2018 and forecast further growth for 2019, its chief executive officer Ulrich Wallin said today as the company unveiled its annual results.   5 February 2019

Insurance

W.R. Berkley invests in AI firm Pypestream

Property/casualty insurer W.R. Berkley Corporation has led a more than $15 million investment round in artificial intelligence (AI) solutions startup Pypestream.   17 December 2018

Insurance

Insurtech Concirrus signs up marine expert Dieter Berg as non-executive director

Insurtech Concirrus has signed up Dieter Berg, former president of the International Union of Marine Insurance, as a non-executive director.   22 March 2019

Insurance

FAA identifies further Boeing 737 Max software issues; delays return to service

The short-term future of the Boeing 737 Max is in limbo after the US regulator found an additional issue with flight software that it has asked the manufacturer to address.   28 June 2019

Insurance

Catalina appoints Armour's Steve Ryland as UK chief executive

Bermuda-based Catalina Holdings has appointed Steve Ryland as chief executive of its UK operations as part of the company's effort to strengthen its global management team.   19 July 2019

Insurance

ArgoGlobal makes key casualty hires from Chaucer and QBE

ArgoGlobal, a Lloyd’s insurer and member of Argo Group, has bolstered its casualty division with senior hires from Chaucer Syndicates and QBE.   15 March 2018

Insurance

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.   10 December 2018

Insurance

Chubb, Lockton fined $8.3m for NRA-branded insurance

The New York State Department of Financial Services (DFS) has fined Chubb and Lockton a combined $8.3 million for underwriting an NRA- (National Rifle Association) branded insurance programme.   8 May 2018

Technology

Strategic importance of digital grows as insurance evolves

Insurers are at a crossroads as AI drives industry evolution. Richard Hartley, CEO of insurtech Cytora, outlines the areas to watch as things progress.   26 May 2020

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