News

Insurance

China Pacific invests in B3i; insurance blockchain seeks expansion in new and growing markets

Blockchain insurance industry initiative B3i has added Chinese insurer China Pacific Insurance Company (CPIC) as its latest shareholder, with Li Hao joining as a member of the board.   22 August 2019

Insurance

Hamilton hires TigerRisk's Ursano as new group CFO, gives third-party capital oversight to Reiss as it seals Liberty deal

Bermuda-based Hamilton Insurance Group has unveiled strategic changes at the management level, including the appointment of a new group CFO, following the completion of its "transformative" Liberty Mutual acquisitions deal.   22 August 2019

Insurance

Carlyle-backed JenCap to acquire specialty programme administrator Aran Insurance

US-based specialty insurer JenCap Holdings is to acquire Aran Insurance Services Group, a specialty programme administrator with offices in Arizona, Colorado, Massachusetts and New York.   22 August 2019

Insurance

Liberty Mutual acquisitions 'a transformative step' for Hamilton as it plots growth path

Bermuda-based Hamilton Insurance Group has completed its acquisition of Pembroke Managing Agency and its platform at Lloyd’s, as well as Dublin-based carrier Ironshore Europe DAC (IEDAC), from Liberty Mutual Group.   22 August 2019

Insurance

AXA XL leads $37m financing for AI-driven auto insurtech Zendrive

US-based data and analytics firm Zendrive has raised $37 million in its Series B funding led by AXA XL's insurtech venture capital fund XL Innovate.   22 August 2019

Insurance

HDI Global SE taps up Zurich’s Betz for management board in ‘generation change’

HDI Global SE, the industrial insurer of the HDI Group, has appointed Yves Betz as a new member of the management board as part of its “generation change” at the top.   21 August 2019

Insurance

M&G Investments opens two new offices in Sydney and Melbourne, Australia

M&G Investments (M&G), which invests on behalf of institutional clients across public and private assets classes, has opened two offices in Australia, in Sydney and Melbourne, to meet client demand.   21 August 2019

Insurance

R&Q subsidiaries Accredited US and Accredited Europe partner with UK and US MGAs

Randall & Quilter Investment Holdings (R&Q) subsidiaries Accredited Surety and Casualty Company (Accredited US) and Accredited Insurance (Europe) (Accredited Europe), have completed a number of new program partnerships.   21 August 2019

Insurance

Tokio Marine partners with tech start-up incubator Plug and Play

Japanese property and casualty insurance group Tokio Marine Holdings has partnered with Singapore based Plug and Play's insurtech program.   21 August 2019

Insurance

Dramatic rise in fintech M&A and funding ramps up pressure on legacy firms: Hampleton Partners

Funding for fintech is rising at a dramatic pace with positive implications for insurtech developments ramping up pressure on legacy firms to compete, research suggests.   20 August 2019

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