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Lemonade, Metromile, Root struggle to reach underwriting profits
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
Aspen American Insurance Company, a subsidiary of Bermuda-based Aspen Insurance Holdings, has formed a strategic alliance with US Risk to offer a specialty insurance product for the marine industry in the US.   11 April 2017
Insurance
Australian insurer IAG has reduced the coverage provided by its catastrophe reinsurance programme having entered into a quota share agreement with Munich Re, Swiss Re and Hannover Re.   3 January 2018
Insurance
XL Group has announced that its second quarter 2017 income came to $301.6 million, a rise of 588 percent from the $43.8 million it reported for the same period of 2017.   27 July 2017
Events
Insurance group Ageas has reached an agreement with BNP Paribas Cardif to sell its 50 percent +1 share in the share capital of its Italian non-life operations Cargeas Assicurazioni (CARGEAS).   27 July 2017
article
Chris Colahan, the chief executive officer (CEO) of RSA Asia, is set to head Berkshire Hathaway Specialty Insurance’s new operations in Australia.   9 September 2014
Insurance
The combination of continued competitive pressures, the effects of US tax reform and catastrophe losses in 2017 is leading to speculation of more mergers and acquisitions (M&A) among re/insurers in 2018, especially in the Bermuda market, says Fitch Ratings.   12 February 2018
Insurance
The increasing appetite for Islamic insurance has led many investors to view the retakaful sector as a growth opportunity, but retakaful players have recently run into difficulty or have exited the market, according to a report by AM Best.   12 February 2018
Insurance
Former Sompo Canopius CEO Stuart Davies has joined the board of UK insurtech platform REG as a non-executive director.   7 August 2017
Insurance
European re/insurance federation Insurance Europe warns over a range of protectionist measures in Indonesia, Turkey and Argentina.   7 August 2017

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