News

Insurance

Hudson Structured and Nephila back $2m funding for AI insurtech start-up Tensorflight

Tensorflight, an artificial intelligence insurtech start-up that uses machine learning and geospatial imagery to help P&C insurers better assess risks and understand portfolio exposures, has closed a $2 million financing round led by insurance industry investors HSCM Bermuda and Nephila.   24 June 2019

Insurance

Global Risk Partners builds regional strategy as County buys Rawlins in the UK

Broking firm the County Group (County), part of Global Risk Partners (GRP), has acquired a UK insurance broker with more than 70 years of trading in the Stoke on Trent area “bringing significant scale” to County’s North West UK hub.   24 June 2019

Insurance

Everest and Asta partner with Medical Protection Society on Lloyd's SPA

Everest Insurance, Lloyd’s third-party managing agency Asta, and London-based Medical Protection Society (MPS) have teamed up to establish a Lloyd’s special purpose arrangement (SPA) slated to start from July 1.   24 June 2019

Insurance

Beazley hires specialty treaty underwriter to expand product solutions unit

Specialty insurer Beazley has appointed Desiree Khoury as a specialty treaty underwriter within its product solutions team, which provides customised turnkey products to insurance company partners.   24 June 2019

Insurance

Hamilton Re makes catastrophe bond debut with $60m Cerulean Re

Hamilton Re, the re/insurance platform of Bermuda-based Hamilton Insurance Group, has unveiled its first ever catastrophe bond transaction, a $60 million Cerulean Re SAC (Easton 2019-1) deal.   21 June 2019

Insurance

Third Point Re, White Mountains make strategic investment in auto insurtech start-up Noblr

Bermuda-based Third Point Reinsurance and White Mountains Insurance Group have made minority equity investments in newly-launched car insurance company, called Noblr.   21 June 2019

Insurance

Nexus snaps up Marc van der Veer from Ardonagh as CEO of European ventures

Specialty managing general agent (MGA) Nexus Group has hired Marc van der Veer as chief executive officer (CEO) of European Ventures.   21 June 2019

Insurance

AIG unveils global reinsurance business AIG Re under Marsh's Christopher Schaper

American International Group has consolidated its assumed reinsurance operations, including Validus Re, AlphaCat and Talbot Treaty, to form one global business, called AIG Re.   20 June 2019

Insurance

AXA group CFO Gérald Harlin to leave after 29 years; triggers reshuffle

French insurer AXA has unveiled leadership changes that will take effect after the departure of its group chief financial officer (CFO) Gérald Harlin, who is leaving the company after 29 years.   20 June 2019

Insurance

Generali strikes strategic technology partnership with Google

Italian insurer Generali has signed a strategic cloud partnership with technology giant Google in order to customise and innovate products and services for its retail and corporate clients, and transform its customer engagement model.   20 June 2019

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