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Israel-based insurtech start-up Planck Re, an artificial intelligence (AI) driven commercial insurance data platform, has raised $12 million Series A in its first funding round. 4 July 2018
News
Broker Ed has hired Souvik Goswami in its Dubai office to lead its treaty business across the Middle East and North Africa (MENA), as well as India and the Indian sub-continent. 4 July 2018
Insurance
Mitsui Sumitomo Insurance Company Europe (MSIEU), a wholly owned subsidiary of MSI, has concluded strategic alliance agreements with ICEA LION General Insurance Company in Kenya, and International Commercial and Engineering Seguros (ICE) in Mozambique. 4 July 2018
Insurance
Marsh & McLennan Agency (MMA), the middle market agency subsidiary of Marsh, has acquired Klein Agency, a St. Paul, Minnesota-based surety and property/casualty agency specialising in the construction industry. 4 July 2018
Insurance
Momentum for rate increases on loss-free reinsurance accounts dissipated during the June/July property catastrophe renewals, and in some cases, pricing declined, according to Willis Re. 2 July 2018
Alternative Risk Transfer
Sponsors and investors showed continued interest in ILS last year, with record-breaking issuance and over $12 billion of new capital brought to market, and the Bermuda Stock Exchange reinforced its position as the ILS listing venue of choice, as BSX president and CEO, and chairman of ILS Bermuda, Greg Wojciechowski explains. 28 June 2018
News
The reinsurance industry has been disrupted through competition from alternative capital and is now seeking new pools of risk, according to a panel discussion at the 2018 Insurtech Insights June 19 and 20 conference in London. 27 June 2018
Insurance
Bermuda-based Sirius International Insurance Group plans to merge with special purpose acquisition firm Easterly Acquisition in a deal which will result in Sirius becoming a publicly listed company. 25 June 2018
Insurance
Cooler waters and a weak El Niño could result in an average 2018 Atlantic hurricane season, according to a new report by rating agency Moody’s. 18 June 2018
News
Bermuda-based PartnerRe’s balance sheet strength and risk-adjusted capitalisation are said to be at the strongest level, according to rating agency AM Best. 18 June 2018
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