News

Insurance

Lemonade raises $300m funding to fuel expansion; SoftBank, Allianz, Google Ventures among investors

AI-powered insurtech company Lemonade has secured $300 million in Series D funding round led by Japanese conglomerate SoftBank Group, with participation from Allianz, General Catalyst, GV (Google Ventures - the venture capital investment arm of Alphabet), OurCrowd, and Thrive Capital.   12 April 2019

Insurance

Italy's Generali to invest €1bn in new asset management company ThreeSixty Investments

Italian insurer Generali Group is creating a new asset management company, called ThreeSixty Investments, with an investment of €1 billion in the first fund as strategic capital.   11 April 2019

Insurance

Zurich, CoverWallet expand SME insurance platform in Europe following "exceptional results"

Zurich Insurance Group and insurtech start-up CoverWallet have expanded their insurance platform for small and medium-enterprise (SMEs) to Switzerland — the second European country after Spain to implement the innovative model.   11 April 2019

Insurance

Zurich hires Aon's Marco Royer as new head of liability in Canada

Zurich Insurance Group has appointed Marco Royer as new head of liability for Zurich Canada, with effect from July 1.   11 April 2019

Insurance

Chubb moves Mitchell to succeed Robinson as UK & Ireland retail division president

Property/casualty insurer Chubb has appointed Sara Mitchell as division president for the UK and Ireland retail business.   11 April 2019

Insurance

Cyber MGA Bewica launches broker portal, API platform targeting SMEs

Bewica, a managing general agent (MGA) and Lloyd’s coverholder specialising in cyber risk, has launched a new platform targeting brokers and intermediaries that provides cyber risk assessment and reporting tools for SMEs.   10 April 2019

Insurance

Chubb gains licence to enter Myanmar life insurance market

Property/casualty insurer Chubb has secured approval from the Myanmar Ministry of Planning and Finance to establish a wholly owned life insurance subsidiary in the country.   9 April 2019

Insurance

New cyber risk insurance solution launched in Asia Pacific

Specialist insurance provider Delta Insurance has launched a new cyber-protection and insurance solution in Asia Pacific, in partnership with London-based cybersecurity company DynaRisk.   9 April 2019

Insurance

Allianz appoints new regional underwriting manager from QBE

UK general insurer Allianz has appointed QBE's Jon Hesketh for its engineering, construction and power unit.   8 April 2019

Insurance

Indian regulator IRDAI gives approval to 11 cross-border reinsurers for 2019-2020

The Insurance Regulatory and Development Authority of India (IRDAI) has granted special approval to 11 cross-border reinsurers (CBR) for the year 2019-20, according to a circular issued on April 04.   8 April 2019

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