News
Insurance
Lloyd’s of London has launched a new initiative with £53 million capacity to expedite product development for new and emerging risks in the re/insurance marketplace. The move is a part of John Neal's transformation strategy to prepare the market for the future. 26 June 2019
Insurance
Specialty re/insurer Brit has partnered with industry consortium Geospatial Intelligence Center (GIC), a National Insurance Crime Bureau (NICB) initiative, to obtain access to aerial imagery that will support catastrophe response efforts and claims adjusting in real-time in the event of a disaster. 26 June 2019
Insurance
Broker Willis Towers Watson has launched a new solution for general industry mid-market clients as part of its differentiated broking solutions (DBS) business strategy. 25 June 2019
Insurance
Specialist insurance broker Price Forbes, part of the Ardonagh Group of companies, has launched a new security risks practice following three senior hires from Jardine Lloyd Thompson Group, who have expertise in international risk management, military operations and insurance broking and underwriting. 25 June 2019
Insurance
London-based reinsurance, wholesale and specialty broker Ed is looking to become a "significant independent player" in the Bermuda marketplace which has been dominated by a few big brokers, according to Chris Bonard, chief executive of Ed in Bermuda. 25 June 2019
Insurance
Strategy and partnerships are vital to the success of insurtechs but many in the sector still struggle to get them right. Experts from Lloyd’s Lab, Guy Carpenter and two senior consultants in the industry came together to discuss the issues and provide insight for Intelligent Insurer’s webinar ‘Navigating the Insurtech Maze’, in association with Appian. 25 June 2019
Insurance
Florida-based Peachtree Casualty Insurance Company has completed its first assumption of legacy liabilities since its acquisition by SOBC DARAG in November 2018. 25 June 2019
Insurance
Tensorflight, an artificial intelligence insurtech start-up that uses machine learning and geospatial imagery to help P&C insurers better assess risks and understand portfolio exposures, has closed a $2 million financing round led by insurance industry investors HSCM Bermuda and Nephila. 24 June 2019
Insurance
Everest Insurance, Lloyd’s third-party managing agency Asta, and London-based Medical Protection Society (MPS) have teamed up to establish a Lloyd’s special purpose arrangement (SPA) slated to start from July 1. 24 June 2019
Insurance
Specialty insurer Beazley has appointed Desiree Khoury as a specialty treaty underwriter within its product solutions team, which provides customised turnkey products to insurance company partners. 24 June 2019
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