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The blockchain insurance industry initiative B3i has grown its investor based as SBI Group confirmed it has become an investor via its SBI AI & Blockchain Fund. 29 May 2019
Alternative Risk Transfer
Swiss Re places $100m First Coast Re II cat bond in Singapore, "excited" to promote Asian ILS market
Global reinsurer Swiss Re has placed the first catastrophe bond, a $100 million First Coast Re II (Series 2019-1), under Singapore's new insurance-linked security (ILS) framework for Security First Insurance Company. 28 May 2019
Alternative Risk Transfer
French reinsurer SCOR’s portfolio management company is acquiring 100 percent of the capital of insurance-linked securities (ILS) fund manager Coriolis Capital, in a move aimed at expanding its capacity on the ILS market, reaching an aggregate sum of $2.1 billion of assets under management (AUM) and operating in both Paris and London. 23 May 2019
Insurance
Seven insurance firms have joined the property and casualty sector of The Institutes RiskStream Collaborative, an organisation testing blockchain-based applications, including a proof of insurance, and a first notice of loss data-sharing process. 22 May 2019
Insurance
US personal auto insurer Safe Auto Insurance Group has filed for an initial public offering (IPO) of its common shares to raise up to $50 million. 21 May 2019
Insurance
Insurance brokers are worried about the future of their business amidst all the technological advancements and changing re/insurance landscape, suggests a new report by the Society of Insurance Broking (SIB). 16 May 2019
Insurance
Globe Underwriting, a UK based managing general agent (MGA), has hired Jennifer Mackay as head of North America property division. 16 May 2019
Insurance
Bermuda-based reinsurer PartnerRe has launched a wearable technology pilot project in partnership with digital health platform dacadoo. 16 May 2019
Insurance
Re/insurer QBE has created a new data-driven solution to transform its legacy property claims process by automating non-complex claims, improving and speeding up the recovery process. 16 May 2019
Insurance
Broker Gallagher has promoted Stuart Fatt to the role of managing partner construction, reporting into the newly-appointed CEO of UK Specialty & Wholesale, John Thompson. 16 May 2019
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