News

Insurance

Ascent-Cove appoints Ian Beaton and rebrands as Optio

Ascent Underwriting, the cyber and specialty lines managing general agent (MGA), and Cove Programs, the US construction-focused MGA, have appointed Ian Beaton as a non-executive director of the group.   23 September 2019

Insurance

Nephila looks to cut Lloyd's cost using Phinsys finance automation technology

In a bid to reduce the cost of doing business at Lloyd’s, Nephila Syndicate Management (NSML) has selected Phinsys' suite of software technologies to streamline its financial processes and automate statutory, regulatory and management reporting.   23 September 2019

Insurance

Zurich unveils new group chief risk officer

Zurich Insurance Group has appointed Peter Giger as new group chief risk officer (CRO) and a member of its executive committee.   23 September 2019

Insurance

RFIB gains Hong Kong licence, names new CEO

Re/insurance broker RFIB Group has been approved to transact general insurance business in Hong Kong.   20 September 2019

Insurance

AI insurtech Betterview partners with Synpulse to improve P&C underwriting cycle

California-based artificial intelligence (AI) start-up Betterview, an insurtech platform provider for property transactions, has partnered with Zurich-based Synpulse to improve the property and casualty (P&C) underwriting process for insurers.   20 September 2019

Insurance

Charles Taylor agrees £261m deal to go private; firm says the offer was 'compelling'

Insurance services firm Charles Taylor has agreed to a "compelling" takeover deal by private equity firm Lovell Minnick Partners, which it hopes will deliver attractive returns to its shareholders.   19 September 2019

Insurance

Cayman-based Greenlight Re takes stake in digital managing general underwriter Coterie

Greenlight Re Innovations has acquired a stake in Coterie Applications, a digital managing general underwriter (MGU) focusing on the small and medium-sized enterprise commercial insurance market.   19 September 2019

Insurance

Finance firms 'quieter on Brexit' suggests planning mostly done: EY

As the number of financial services jobs and assets being relocated from the UK eases off, EY has suggested that this shows the sector is ready for Brexit.   19 September 2019

Insurance

Gallagher acquires Allied Insurance Brokers and Ascinsure Specialty Risk in the US

Broker Arthur J Gallagher has acquired Pennsylvania-based Allied Insurance Brokers and its subsidiary Ascinsure Specialty Risk.   19 September 2019

Insurance

Munich Re-backed commercial auto insurtech Inshur plans global expansion; hires Uber veteran to lead strategy

Munich Re-backed insurtech Inshur, a provider of commercial auto insurance for private hire drivers, has strengthened its leadership team to support its market expansion plans globally. The company currently operates in New York and the UK.   19 September 2019

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