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Insurer Axa pledges €10m to rebuild fire ravaged Notre-Dame
Insurance
French insurer Axa has pledged €10m to the fund to rebuild Notre-Dame de Paris after a devastating fire broke out at the cathedral on Monday 16 April. French firefighters managed to save the two large stone bell towers from collapse and many of the precious items inside the building were rescued. However, the damage to the roof and spire was extensive.   17 April 2019
Insurtech Cytora secures £25m Series B for AI-powered commercial underwriting solution
Insurance
UK-based insurtech Cytora, a provider of AI-powered solutions for the commercial insurance industry, has raised £25 million funding to expand its product suite and scale into new geographies.   17 April 2019
Capsicum Re swoops for Guy Carpenter MD to expand mortgage indemnity reinsurance business
Insurance
Guy Carpenter's Stephen Mathews has joined specialist reinsurance broker Capsicum Re's mortgage indemnity reinsurance division. Based in New York, he will head up the division’s global analytics capability.   17 April 2019
Insurance
Liberty Mutual Insurance is to acquire the global surety and credit reinsurance operations of AmTrust Financial Services in a move it hopes will support its "goal of becoming a top three global commercial re/insurer".   16 April 2019
Insurance
Reinsurer PartnerRe has hired AXIS Re's Jonathan Colello as CEO of property and casualty (P&C) Americas, and president of Partner Reinsurance Company of the US.   16 April 2019
Insurance
SoFi, the online financial services provider, has partnered with AI powered-insurer Lemonade and smartphone and data science auto insurer Root to expand its insurance portfolio.   16 April 2019
Insurance
The insurance workforce needs to evolve to work effectively with new technologies as the London market embraces modernisation and transformation initiatives, suggests a new report by PwC and the Lloyd's Market Association (LMA).   15 April 2019
Insurance
Swiss insurer Baloise Group is acquiring Belgian multi-sector insurer Fidea NV from the Chinese Anbang Insurance Group for €480 million.   15 April 2019
Insurance
US-based insurtech start-up Flyreel, a provider of artificial intelligence-powered underwriting solution for commercial and residential insurers, has secured $3.85 million in funding led by Gradient Ventures, Google’s AI-focused venture fund.   12 April 2019
Insurance
Commercial auto insurer Atlas Financial is 'exploring strategic alternatives' including a potential sale of the company or certain assets, and has retained Sandler O'Neill + Partners as its financial advisor.   12 April 2019

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