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Troubled insurtech unicorn formerly backed by Hollywood actor exits key market
Insurance
Troubled insurtech unicorn formerly backed by Hollywood actor exits key market
The company has cut back its underwriting and some of its top leadership in a turnaround effort.   2 August 2024
AXA to exit asset management, seeks $5.6bn in exclusive sale talks
Insurance
AXA to exit asset management, seeks $5.6bn in exclusive sale talks
The deal includes a partnership to build a European asset manager with €1.5tr in assets.   2 August 2024
Markel/Canopius/RenRe-backed insurtech secures major investment
Technology
Markel/Canopius/RenRe-backed insurtech secures major investment
Funding to support its MGA programme, tech expansion and select M&A.   2 August 2024
Insurance
Guy Carp says market should focus on ‘kitty cats’ over single super cat post-CrowdStrike
Insured losses from CrowdStrike IT outage up to $1bn, broker predicts.   2 August 2024
Insurance
AXA solidifies position in Italian P&C market with €423m+ acquisition
AXA expects the deal to diversify its distribution channels in the Italian market.   2 August 2024
Insurance
Corebridge deconsolidation hits AIG with $4.7bn loss despite ‘stellar’ underwriting
The insurance group plunged to a substantial loss in Q2 compared to $1.5bn profit last year.   1 August 2024
Insurance
Lockton hooks in 15-year WTW expert to steer marine growth in Asia
The broker seeks to accelerate its marine growth in Asia.   1 August 2024
Insurance
Consilium grows new Cayman presence with senior hire
New hire boasts decades of P&C experience in Jamaican, Cayman, and Canadian markets.   1 August 2024
Insurance
Mapfre bolsters C-suite to fuel transformation and innovation
The re/insurer has appointed a new group chief innovation officer.   1 August 2024
Insurance
Carrick expands into Cayman Islands with first acquisition
The acquisition is part of its global expansion strategy.   1 August 2024

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