News

Insurance

China Pacific invests in B3i; insurance blockchain seeks expansion in new and growing markets

Blockchain insurance industry initiative B3i has added Chinese insurer China Pacific Insurance Company (CPIC) as its latest shareholder, with Li Hao joining as a member of the board.   22 August 2019

Insurance

Hamilton hires TigerRisk's Ursano as new group CFO, gives third-party capital oversight to Reiss as it seals Liberty deal

Bermuda-based Hamilton Insurance Group has unveiled strategic changes at the management level, including the appointment of a new group CFO, following the completion of its "transformative" Liberty Mutual acquisitions deal.   22 August 2019

Insurance

AI start-up Betterview strikes commercial deal with EMC Insurance post $4.5m Series A

California-based artificial intelligence (AI) start-up Betterview, an insurtech platform provider for property transactions, has entered into a commercial agreement with EMC Insurance Companies.   22 August 2019

Insurance

Carlyle-backed JenCap to acquire specialty programme administrator Aran Insurance

US-based specialty insurer JenCap Holdings is to acquire Aran Insurance Services Group, a specialty programme administrator with offices in Arizona, Colorado, Massachusetts and New York.   22 August 2019

Insurance

Everest Insurance taps JLT Specialty's Kyle Adams to lead Bermuda operation

Everest Insurance, the specialty insurance division of Bermuda-based Everest Re Group, has hired Kyle Adams to lead its Bermuda insurance operations.   22 August 2019

Insurance

Liberty Mutual acquisitions 'a transformative step' for Hamilton as it plots growth path

Bermuda-based Hamilton Insurance Group has completed its acquisition of Pembroke Managing Agency and its platform at Lloyd’s, as well as Dublin-based carrier Ironshore Europe DAC (IEDAC), from Liberty Mutual Group.   22 August 2019

Insurance

AXA XL leads $37m financing for AI-driven auto insurtech Zendrive

US-based data and analytics firm Zendrive has raised $37 million in its Series B funding led by AXA XL's insurtech venture capital fund XL Innovate.   22 August 2019

Insurance

AIG hires The Hartford's Sabra Purtill for newly created deputy CFO role

American International Group (AIG) has appointed The Hartford's Sabra Purtill in a newly created role of deputy CFO, head of treasury, investor & rating agency relations, and corporate development.   22 August 2019

Insurance

Marsh appoints new leaders for US, Canada energy and power

Broker Marsh has unveiled new leadership in its US and Canada energy and power practice with the appointment of Amy Barnes and Brad Vescarelli.   22 August 2019

Insurance

Liberty Mutual names new excess casualty and public entity CUOs

Property/casualty insurer Liberty Mutual has appointed Jon Tellekamp as chief underwriting officer (CUO) for national insurance – excess casualty, and Doug Manwaring as CUO of national insurance – public entities and programmes.   22 August 2019

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