News
Insurance
London-based insurtech Zego, a provider of pay-as-you-go insurance for drivers and riders who work flexibly with their own vehicles, has raised $42 million Series B funding from investment firm Target Global, with other backers including TransferWise founder Taavet Hinrikus. 19 June 2019
Insurance
The Chinese government has taken full ownership of troubled Anbang Insurance Group, according to a Wall Street Journal report citing a June 22 statement by the regulator. 25 June 2018
Insurance
Helios Underwriting, which provides investors with a limited liability direct investment into the Lloyd's insurance market, has used a fully collateralised quota share reinsurance contract to release capital, allowing it to seek new opportunities. 30 June 2014
Insurance
The latest attempt at dragging the London Market into the age of digitisation has been launched thanks to a joint venture between some of the market’s most influential trade bodies. 12 July 2016
Alternative Risk Transfer
AM Best has assigned a Financial Strength Rating of A (Excellent) and a Long-Term Issuer Credit Rating of “a+” to Bermuda-based Vermeer Reinsurance, a property catastrophe reinsurer that has recently been launched by RenaissanceRe and Dutch pension fund manager PGGM. 20 December 2018
Insurance
Singapore-based re/insurance broker Symbo is raising fresh capital to expand its fully digital platform, Anurag Jaroli, head of reinsurance of Symbo, told SIRC Today. 31 October 2018
News
TransRe, the reinsurance arm of Transatlantic Holdings and a wholly owned subsidiary of Alleghany Corporation, is planning a subsidiary in Luxembourg as it looks to restructure and bolster its presence in the European Union. 10 September 2018
Insurance
Re/insurer QBE has announced that its post-Brexit restructuring plans were heard at the High Court, ensuring continuity of service for its customers across the European Union. 10 September 2018
News
French reinsurer CCR Group has unveiled a series of appointments including new hires from MS Amlin and Arch. 10 September 2018
Insurance
Berlin-based artificial intelligence (AI) powered insurtech start-up omni:us has closed its Series A funding round and secured a total investment of $22.5 million. 30 October 2018
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