News
Insurance
Bermuda specialty re/insurer Sompo International Holdings has unveiled a new subsidiary in Luxembourg, which will cover business written in Continental Europe and have branches in Belgium, France, Germany, Italy, Spain and the UK. 4 September 2018
Insurance
Specialty re/insurer MS Amlin has established a new Bermuda-domiciled special purpose reinsurer and raised some $55 million from third party investors to back the venture. 8 January 2018
Insurance
Antares, the Lloyd’s managing agent and part of the QIC Group, has appointed David Hobbs, Mike Finch and Paul Grimsey to its board. 28 June 2017
Insurance
The loss estimate for tropical cyclone Debbie has increased to AUD1,41 billion ($1.07 billion), according to data provider Perils. 28 June 2017
Insurance
Insurance firm Starr Companies has promoted Richard Bessinger to chief underwriting officer. 27 June 2017
Insurance
AIG UK said on Oct. 19 that it has underwritten the first Shariah-compliant warranty and indemnity (W&I) insurance policy issued in the London M&A insurance market. 19 October 2017
Insurance
Australia headquartered QBE has reported a net loss of $1.25 billion for 2017 driven by record catastrophes in the second half of 2017 together with deterioration in its emerging markets businesses and two significant non-cash items. 26 February 2018
Insurance
Singapore-based insurtech UEX has raised S$1.3 million (approximately $1 million) of funding from French insurance broker Verspieren to strengthen its presence in the Singaporean market. 26 February 2018
Insurance
Insurtech startup CoverWallet has closed an $18.5 million series B funding round led by Foundation Capital with participation from existing investors Union Square Ventures, Index Ventures, CV Starr, and Two Sigma Ventures. 16 October 2017
Insurance
The Chinese government seized control of Anbang Insurance Group and said its chairman had been prosecuted, according to a Reuters Feb. 23 report. 23 February 2018
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