News

Insurance

Apollo, Athene to buy GE Capital’s aircraft lending unit PK AirFinance

Apollo Global Management and Athene Holding have entered into a definitive agreement with GE Capital to buy PK AirFinance, an aviation lending business from GE Capital’s Aviation Services (GECAS) unit.   30 August 2019

Insurance

Meteo Protect launches ‘quick to set up’ parametric cover platform

Paris-based underwriting agency Meteo Protect has launched ParametricAPI.com its open insurance application programming interface (API) to enable insurers and startups to run their own parametric insurance programs.   30 August 2019

Insurance

Landmark Underwriting hires Liberty's Roger Millgate as head of global professional indemnity

Specialist managing general agent (MGA) Landmark Underwriting has hired Roger Millgate as head of global professional indemnity (PI) from Liberty Specialty Markets.   30 August 2019

Insurance

Berkley One appoints new chief claim officer from Chubb

Berkley One, a member company of Berkley and a startup insurance provider, has appointed Peter Boccher as chief claim officer.   30 August 2019

Insurance

KCC cat model estimates $1.5 trillion losses if Kanto-strength earthquake hit Japan today

An earthquake model has estimated the value of insured and uninsured losses if a catastrophe akin to Japan’s 1923 Kanto megathrust earthquake hit the country today.   29 August 2019

Insurance

Munich Re-backed insurtech Inshur attracts additional $1.5m Series A

Commercial auto insurtech Inshur, which raised $7 million investment led by Munich Re Ventures earlier this year, has secured additional funding from Israel-based technology venture fund Viola FinTech.   29 August 2019

Alternative Risk Transfer

Convergence capital expected to rebound after losses settle but investors will be cautious: S&P

A new report by S&P Global Ratings suggests that alternative reinsurance or third-party capital is likely to remain 'key' in the global market as reinsurers grapple to stay competitive following large losses in the recent years.   29 August 2019

Alternative Risk Transfer

Willis Re underlines importance of ILS relationships

A report published this month by Willis Re Securities claims that relationships are important as the ILS market returns to a more normal environment.   29 August 2019

Insurance

Aviva, Munich Re-backed insurtech Neos joins global insurance think tank

Smart home insurance provider Neos Ventures, a London-based insurtech start-up backed by Munich Re and Aviva, has joined global insurance think tank IoT Insurance Observatory, to help drive transformation within the industry.   29 August 2019

Insurance

Re/insurers turn to structured deals amid intense competition: S&P

Increasingly intensifying competition in the market has forced property and casualty re/insurers to rethink their business strategies and how best to deploy capital resources.   29 August 2019

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