News

Insurance

Former insurance agents sentenced to combined 10yrs in prison in California

Two former insurance agents were sentenced to a combined 10 years in prison in California after being found guilty of a life insurance scheme.   2 August 2018

Insurance

AIG sells 20% in DSA Re to Carlyle in strategic partnership deal

American International Group (AIG) is selling 19.9 percent of its legacy portfolio DSA Re to private equity firm The Carlyle Group.   1 August 2018

Alternative Risk Transfer

NFIP places $500m cat bond

The Federal Emergency Management Agency (FEMA) has secured $500 million in reinsurance for its National Flood Insurance Program (NFIP) through capital markets.   1 August 2018

Insurance

Coverys hires chief information officer, chief technology officer

Lloyd’s managing agent of syndicates 1975, 1991, 3330 and 1110, Coverys Managing Agency, has appointed Robert Scott-Stewart as chief information officer and Peter Chambers as chief technology officer.   31 July 2018

Insurance

Arch provides capacity to new insurtech MGA C-Quence

New insurtech managing general agent (MGA) C-Quence has secured underwriting capacity from Arch Insurance Company (Europe).   31 July 2018

News

Ed appoints new marine division director

Reinsurance, wholesale and specialty broker Ed has appointed Patrick Jordan as divisional director, marine, based in London.   31 July 2018

Insurance

Randall & Quilter unit strikes underwriting partnership with Atlas General

Bermuda-based Randall & Quilter (R&Q) Investment’s wholly owned subsidiary Accredited Surety & Casualty Company (Accredited) has closed a programme underwriting partnership with Atlas General Services Insurance.   31 July 2018

Technology

Bought By Many embraces the API economy

Bought By Many, an insurtech platform that designs and sells niche insurance products, is seeking business partners in Sweden as it launches its pet insurance product in the country in a move that could represent a template for its further expansion.   31 July 2018

Insurance

AXIS names head of new insurtech unit

Bermuda-based re/insurer AXIS Capital Holdings has launched a new unit under a former Swiss Re hire to accelerate technological innovations and insurtech partnerships at the company.   30 July 2018

Insurance

DARAG secures €260m capital for global growth

DARAG, a European legacy acquirer owned by Keyhaven Capital Partners, has secured an equity funding of up to €260 million to support growth plans for the business.   30 July 2018

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