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Insurance
Blockchain technology company Bitfury Group and risk and insurance advisory firm Risk Cooperative have entered into a strategic partnership to drive blockchain applications in the $60 billion insurance intermediation market. 19 June 2017
Insurance
Hamilton Re, the Bermuda-based property/casualty reinsurer of Hamilton Insurance Group, has reshuffled certain senior management roles and hired new executives to diversify its portfolio. 27 April 2017
Insurance
Insurance intermediary KIRS Group priced its offering of £400 million in aggregate principal amount of 8.375 percent Senior Secured Notes due 2023 and $520 million in aggregate principal amount of 8.625 percent Senior Secured Notes due 2023. 7 June 2017
Insurance
The increasingly litigious nature of society and corporate life means that a robust D&O policy is now critical for companies wishing to recruit quality staff. But formulising the right policy with the right covers and terms and conditions is equally important – for the sake of both the insured and the company buying the coverage, Dav Khalaghizadeh, head of Commercial D&O, at Aspen Insurance, tells Intelligent Insurer. 1 June 2017
Insurance
US insurance group Kemper Corporation entered into a definitive merger agreement to acquire auto insurer Infinity Property Casualty Corporation for a total consideration of approximately $1.3 billion. 14 February 2018
Alternative Risk Transfer
Hong Kong is losing insurance business to Singapore, but the local authorities are implementing an action plan to strengthen its position as Asia’s insurance hub. 17 August 2017
Insurance
Munich Re Syndicate at Lloyd’s said on Aug. 21 that it has introduced an insurance solution to cover cyber exposure for the independent oil and gas sector. 21 August 2017
Alternative Risk Transfer
Heritage Property and Casualty Insurance, a Florida Citizens takeout insurer formed in 2012, is to use the insurance-linked securities (ILS) markets as a means of risk transfer for the first time. 1 April 2014
Insurance
The UK Government has startled the re/insurance industry by decreasing the personal injury (Ogden) rate by far more than had been expected, causing companies to revise their profit results mid-reporting season. 1 March 2017
Insurance
UK insurtech firm PremFina said on Oct. 4 that it raised $36 million in equity funding and a debt facility. 4 October 2017
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