News

Insurance

Insurtech ChainThat to launch blockchain-powered risk & capital exchange on Bermuda

Insurtech ChainThat, a provider of blockchain solutions for the re/insurance industry, is planning to launch the industry's first Distributed Ledger Technology (DLT) driven risk and capital exchange in Bermuda.   6 March 2019

Insurance

Sirius-backed workers’ comp insurtech Pie Insurance secures $45m Series B funding

US insurtech start-up Pie Insurance has secured $45 million in Series B funding round led by SVB Capital, Sirius Group, Greycroft, Moxley Holdings, Aspect Ventures, and Elefund.   6 March 2019

Insurance

Aon confirms Willis Towers Watson buyout plans

Insurance broking giant Aon has confirmed that a takeover of its competitor and third largest insurance broker Willis Towers Watson is under consideration.   5 March 2019

Insurance

Pay-as-you-go insurtech Zego launches mobility cover in Spain

London-based insurtech Zego has launched in Spain, with the opening of a new office in Madrid, to offer flexible pay-as-you-go insurance products to scooter delivery riders and private hire vehicle fleets in the country.   5 March 2019

Insurance

AXA expands into mobile phone insurance market with Pier

AXA has revealed its plan to expand into a new market through a partnership with mobile phone insurance provider Pier Insurance.   4 March 2019

Insurance

Essent Group unveils $473.2m reinsurance transaction

Bermuda-based mortgage insurance provider Essent Group, a subsidiary of Essent Guaranty, has secured $473.2 million of fully collateralised excess of loss reinsurance coverage.   4 March 2019

Insurance

M&A ambitions in Americas ‘reined back’ in 2019, finds Clyde & Co

Insurance firms in the Americas region will continue to “dominate” global M&A activity despite a predicted drop in deal-making for the first half of 2019, a report from law firm Clyde & Co has said.   4 March 2019

Insurance

Aviva picks Maurice Tulloch as new CEO after 'highly competitive process'

UK insurer Aviva has appointed Maurice Tulloch as new chief executive officer, replacing Mark Wilson who announced his plan to step down in October 2018.   4 March 2019

Insurance

Enstar, Maiden agree $675m ADC deal for AmTrust quota share business

Bermuda-based Enstar Group has terminated its $2.68 billion loss portfolio transfer (LPT) deal with Maiden Holdings, and replaced it with a new $675 million adverse development cover (ADC).   4 March 2019

Insurance

Chubb partners with Aon to build Manhattan terrorism risk model

Chubb has partnered with Aon's catastrophe model development center Impact Forecasting to develop a terrorism risk model for Manhattan in New York City and other densely populated areas.   4 March 2019

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