News

Insurance

UK telematics specialist Trak secures £40m growth capital from Three Hills

UK telematics firm Trak Global Group (TGG) has secured growth capital investment of over £40 million from Three Hills Capital Partners to accelerate the development of its data-driven technology solutions for the insurance and shared mobility markets.   30 August 2019

Insurance

Apollo, Athene to buy GE Capital’s aircraft lending unit PK AirFinance

Apollo Global Management and Athene Holding have entered into a definitive agreement with GE Capital to buy PK AirFinance, an aviation lending business from GE Capital’s Aviation Services (GECAS) unit.   30 August 2019

Insurance

Munich Re-backed insurtech Inshur attracts additional $1.5m Series A

Commercial auto insurtech Inshur, which raised $7 million investment led by Munich Re Ventures earlier this year, has secured additional funding from Israel-based technology venture fund Viola FinTech.   29 August 2019

Alternative Risk Transfer

Willis Re underlines importance of ILS relationships

A report published this month by Willis Re Securities claims that relationships are important as the ILS market returns to a more normal environment.   29 August 2019

Insurance

Integro partners with Brazilian entertainment broker Affinité to expand in South America

Integro Insurance Brokers has partnered with Brazilian entertainment broker Pro Affinité Consultoria e Corrategem de Seguros (Affinité) to strengthen its position in the South American market.   29 August 2019

Insurance

HDI-backed Swedish insurtech Hedvig raises $10.4m for market expansion

Stockholm-based digital insurance start-up Hedvig has secured 100 million SEK ($10.4 million) in a Series A funding to expand its operations beyond the Nordics.   29 August 2019

Insurance

Hyperion's Dual appoints new UK & Europe COO from Hiscox

Dual, the specialist underwriting arm of Hyperion Insurance Group, has appointed Rebecca Ince as chief operating officer (COO) of UK & Europe.   28 August 2019

Insurance

Insurtech Kin raises $47m to launch Florida carrier with Hudson Structured backing

Chicago-based insurtech start-up Kin has raised $47 million funding from new investors including Hudson Structured Capital Management (HSCM Bermuda), August Capital, Avanta, and UChicago Startup Investment Program.   28 August 2019

Insurance

Commercial P&C shows ‘signs of continued market firming’ in Q2 2019 with 7th quarter of price rises, finds CIAB

The Council of Insurance Agents & Brokers (CIAB) has reported signs of continued market firming in Q2 2019 as premium pricing for commercial property and casualty (P&C) showed “moderate increases” in the second quarter of the year.   28 August 2019

Insurance

Liberty promotes Nicholas Garside to head of Bermuda property

Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, has promoted Nicholas Garside to the role of head of Bermuda property.   28 August 2019

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