News

Insurance

Insurtech Oscar secures $375m from Google parent Alphabet

New York-based Oscar Health, a technology-focused health insurance company, has secured $375 million from Google’s parent company Alphabet.   24 August 2018

Insurance

Travelers acquires majority stake in Toronto-based Zensurance

US-based property/casualty insurer Travelers has acquired a majority stake, approximately 60 percent, in the Canadian fintech start-up Zensurance for roughly C$16 million ($12.2 million), according to BetaKit.   24 August 2018

Insurance

Kingstone reduces quota share of reinsurance treaty

Kingstone Insurance Company (KICO), a wholly-owned subsidiary of property/casualty insurer Kingstone Companies, has reduced its personal lines quota share treaty ceding percentage to 10 percent, down from 20 percent, effective July 1, 2018.   24 August 2018

Insurance

RLI founder passes away

Gerald Stephens, the founder of US specialty insurer RLI, has passed away at the age of 86.   24 August 2018

Insurance

Swiss Re appoints Higginbotham as new EMEA reinsurance CEO

Swiss Re has appointed Russell Higginbotham as CEO reinsurance EMEA effective Sept. 1, 2018, replacing Jean-Jacques Henchoz.   23 August 2018

Insurance

Startups target $15bn title insurance business

Tech-focused startups are targeting the $15 billion title insurance industry that’s dominated by just four companies, according to an Aug. 22 Bloomberg News report.   23 August 2018

News

US reinsurers boost H1 premium, improve combined ratio

A group of 18 US property/casualty reinsurers wrote $30.1 billion of net premiums during the six-months ended June 30, 2018, compared to $22.5 billion for the same period in 2017, according to data released by the Reinsurance Association of America (RAA).   22 August 2018

Alternative Risk Transfer

Lloyd’s agencies eager to embrace ILS

Lloyd’s agencies want insurance-linked securities (ILS) as a permanent re/insurance market fixture, according to a survey by the Lloyd’s Market Association (LMA).   14 August 2018

Insurance

Rising stars 2018: Exciting change inspiring a new generation

Insurtech, new risks and the growing involvement of the capital markets are all making the re/insurance industry more attractive to young people—and they look increasingly critical to its future. As part of a wider feature available online, Intelligent Insurer speaks to 45 young executives—all under 35—destined for success within this evolving sector.   13 August 2018

Insurance

Munich Re shrinks reinsurance business in Q2

Munich Re has reduced the reinsurance business in the second quarter of 2018 driven by the life and health (L&H) operations.   8 August 2018

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