News
Insurance
Amazon’s rumoured plan to set up an insurance price comparison service is unlikely to cause much impact in the insurance industry and there would be far more disruptive opportunities for Amazon to enter the market, insurtech Bought By Many co-founder Steven Mendel, told Intelligent Insurer. 30 August 2018
News
Rumours of Amazon's impending entry into the UK insurance market have been circulating for at least 2 years; the news that it plans to set up a price comparison service, therefore, comes as something of an anti-climax, says insurtech Bought By Many co-founder Steven Mendel. 30 August 2018
Insurance
The venture-backed full-stack US insurtech startups continued to show rapid premium growth in the second quarter of 2018 with moderately lower underwriting losses but they have yet to generate a sustainable loss ratio under 100 percent, according to “The Second Quarter in InsurTech Start-up Financials” by Matteo Carbone. 29 August 2018
Insurance
Alternative investment manager Apollo is paying $2.6 billion to buy Bermuda-based Aspen Insurance Holdings and take the insurer private in what is the latest development in a string of insurance deals. 28 August 2018
Insurance
Allied World Assurance Company Holdings has appointed Yeo Meng Wong as senior vice president & general manager, Asia Pacific treaty reinsurance division. 28 August 2018
Insurance
The Hartford’s move to acquire its close neighbour Navigators Group has taken many by surprise—but it could make good strategic sense for the company, which can now target global growth. Its aspirations for the reinsurance side of its new business will also raise a few eyebrows in the market, as Intelligent Insurer finds. 24 August 2018
Insurance
Tough market conditions for global reinsurers is forcing them to review their long-term relevance and many are resorting to M&A to build scale, acquire expertise, and diversify, according to S&P Global Ratings. 24 August 2018
Insurance
Venture capital firm Beat Capital Partners and insurance investment vehicle Paraline UK are to merge in a move designed to "enhance and further build Beat’s platform to support independent underwriting businesses". 24 August 2018
Alternative Risk Transfer
Arch Capital Group’s US mortgage insurance operation Arch Mortgage Insurance Company has secured $653.3 million of indemnity reinsurance from Bellemeade Re 2018-2, a special purpose insurer. 24 August 2018
Insurance
Legal & General has entered the longevity insurance market for smaller schemes by completing a £300 million longevity insurance contract with an unnamed mid-tier pension scheme. 24 August 2018
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