News
Insurance
InsurePal, a new peer-to-peer insurer raised £15 million ($18 million) in an Initial Coin Offering (ICO) to fund its UK motor launch in the first half of 2018. 17 January 2018
Insurance
Alternative investment manager Apollo is paying $2.6 billion to buy Bermuda-based Aspen Insurance Holdings and take the insurer private in what is the latest development in a string of insurance deals. 28 August 2018
Insurance
Traditional insurers are too slow to react to trends in the sector and managing general agents (MGA’s) may be able to adapt more quickly and efficiently, offering the necessary expertise and potentially making the insurer’s underwriting capabilities become obsolete, according to a panel discussion at the 2017 Managing General Agents’ Association conference. 5 July 2017
Insurance
Insurtech startup Digital Risks, a digital-only insurance broker has raised £2.25m in an investment round led by Concentric, with participation from Atami Capital, Seedcamp, London Co-Investment Fund and Beazley. 16 July 2018
Insurance
Ironshore, now a Liberty Mutual Company, has appointed Russell Fisher as vice president of political risk and trade credit to underwrite European business lines, based in London. 24 May 2017
Insurance
Reinsurance broker and consultant JLT Re has hired Stephen Balderston to join its credit and political risk team as a partner, based in London office. 11 September 2017
Alternative Risk Transfer
Hazard modelling company JBA Risk Management has launched a catastrophe modelling platform aimed at challenging the status quo. 29 May 2015
Insurance
Insurance broker Marsh is launching a commercial blockchain solution for proof of insurance in collaboration with IBM, ACORD and ISN. 17 April 2018
Insurance
Argo International, the Lloyd’s insurer and member of Argo Group, has appointed Greg Walters as class underwriter for its onshore energy account. He will report to head of marine & energy Philip Thorpe-Apps. 1 April 2014
Alternative Risk Transfer
Alternative capital rose by $8 billion to $89 billion in 2017 and is expected to grow further in 2018 after a strong first quarter, according to Aon Benfield’s April 2018 Reinsurance Market Outlook. 16 April 2018
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