News
Insurance
AXA UK has made changes to its insurance leadership team following the departure of Gareth Howell, executive managing director of AXA Retail. 14 February 2019
Insurance
Commercial auto insurtech Inshur has raised $7 million in a Series A funding round led by Munich Re Ventures, with participation from venture capital firm MTech Capital. 14 February 2019
Insurance
Texas-based US Risk Insurance Group, a specialty lines underwriting manager and property/casualty wholesale broker, has entered into a definitive agreement to be acquired by USI Insurance Services, a insurance brokerage and consulting firm. 14 February 2019
Insurance
TrackActive, a UK-based InsurTech startup, said it is on target to raise the £300k it needs in seed funding after it partnered with Gen Re, lead investor HR Tech Partnership, and other angel investors through Seedrs. 13 February 2019
Alternative Risk Transfer
The spate of heavy losses in 2017 and 2018, compounded by ‘loss creep’ as some funds struggled to post accurate loss estimates, seems to have made ILS investors pause for thought, with many being much more circumspect as to where to place their money. Intelligent Insurer investigates. 13 February 2019
Insurance
Chicago-based Ryan Specialty Group (RSG) has signed a definitive agreement to acquire the assets and operations of International Specialty Insurance Services (ISI). 13 February 2019
Insurance
London-based managing general agent Lodestar Marine, a part of Ryan Specialty Group (RSG), has entered into an agreement with Bermuda-based Aspen Insurance to provide protection and indemnity (P&I) insurance to the owners of small and specialised ships. 13 February 2019
Insurance
Italian insurer Generali has completed the acquisition of a majority stake in Sycomore Factory SAS, the controlling company of Paris-based Sycomore Asset Management. 13 February 2019
Insurance
San Francisco-based Socotra, an insurtech startup, has raised an additional $5.2 million in funding from Mitsui Sumitomo, Nationwide and venture firm 8VC. 13 February 2019
article
European insurers are well positioned to manage the disruption caused by Brexit but, warns global ratings agency S&P, any wider global downturn will bring volatility, which is likely to mean persistent low interest rates. 13 February 2019
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