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Mutual insurers in good shape with higher capital adequacy ratios: Aon and Namic
Insurance
Mutual insurers in good shape with higher capital adequacy ratios: Aon and Namic
Mutual insurance companies in the US are in strong financial shape and less leveraged than those quoted on the stock exchange.   24 September 2019
Lloyd’s survey reveals 500 workers witnessed sexual harassment in past year
Insurance
Lloyd’s survey reveals 500 workers witnessed sexual harassment in past year
Lloyd’s of London has pledged to change its ways dramatically after a survey found that nearly 500 workers had witnessed sexual harassment in the space of a year.   24 September 2019
Commercial insurtech Bold Penguin raises $32m Series B led by HSCM, Lockton
Insurance
Commercial insurtech Bold Penguin raises $32m Series B led by HSCM, Lockton
US-based commercial insurance technology company Bold Penguin has secured $32 million Series B funding led by Hudson Structured Capital Management (HSCM), Lightstone, Guggenheim Insurance, Lockton, existing investors and individuals from Stone Point Capital.   24 September 2019
Insurance
Hannover Re US partners with fitness app Sweatcoin to research how physical activity mitigates mortality risks
A joint research project to study how daily physical activity can reduce the risk of disease and extend life expectancy has been launched by Hannover Life Reassurance (Hannover Re US), part of the Hannover Re Group, and Sweatcoin a digital health app.   24 September 2019
Insurance
AmTrust launches new excess casualty operation led by Everest Re's Jeff Lynn
AmTrust E&S Insurance Services, a wholly-owned subsidiary of AmTrust Financial Services, has launched a new excess casualty underwriting division based in Los Angeles. It will be led by Jeff Lynn, who joins from Everest Re.   24 September 2019
Insurance
Former JLT Specialty USA chief Rice to lead newly-launched Cobbs Allen unit CAC Specialty
Specialty insurance brokerage and investment banking business CAC Specialty, a part of US risk management and insurance brokerage Cobbs Allen, has hired JLT's Michael Rice II as its chief executive officer (CEO).   24 September 2019
Insurance
Gallagher acquires Allied Insurance Brokers and Ascinsure Specialty Risk in the US
Broker Arthur J Gallagher has acquired Pennsylvania-based Allied Insurance Brokers and its subsidiary Ascinsure Specialty Risk.   19 September 2019
Insurance
Carriers caught out by lack of exposure data
“Carriers—in fact the entire insurance vertical—have been caught off-guard by the need for high-resolution, relevant exposure data,” says Jason Futers, chief executive officer of Insurdata.   11 September 2019
Insurance
USMCA to offer range of benefits for insurance industry: APCIA
The United States-Mexico-Canada Agreement (USMCA) deal will lead to the improvement of financial products and help make it possible for the under-insured population to gain access to the financial system.   10 September 2019
Insurance
Study highlights data reveals extent of resolution issues
Insurtech firm Insurdata’s newly released study into exposure data resolution reveals significant and potentially costly inaccuracies in a large proportion of the geolocations.   10 September 2019

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