News
Insurance
London-based reinsurance, wholesale and specialty broker Ed is looking to become a "significant independent player" in the Bermuda marketplace which has been dominated by a few big brokers, according to Chris Bonard, chief executive of Ed in Bermuda. 25 June 2019
Insurance
Strategy and partnerships are vital to the success of insurtechs but many in the sector still struggle to get them right. Experts from Lloyd’s Lab, Guy Carpenter and two senior consultants in the industry came together to discuss the issues and provide insight for Intelligent Insurer’s webinar ‘Navigating the Insurtech Maze’, in association with Appian. 25 June 2019
Insurance
The insurance industry and the public sector need to work together, especially through global partnerships, in order to close the protection gap that leaves emerging Asian countries most vulnerable to natural catastrophes, according to Denis Duverne, chairman of IDF and chair of the board of AXA. 25 June 2019
Alternative Risk Transfer
Bermuda-based mortgage insurance provider Essent Group, a subsidiary of Essent Guaranty, has closed a $333.8 million reinsurance transaction and related mortgage insurance-linked notes offering. 25 June 2019
Insurance
Honan Insurance Group, an Australian insurance and financial services broker, has hired Eliza White for the newly created role of director of operations, Asia. She will be based in the group’s regional head office in Singapore. 25 June 2019
Insurance
Florida-based Peachtree Casualty Insurance Company has completed its first assumption of legacy liabilities since its acquisition by SOBC DARAG in November 2018. 25 June 2019
Insurance
German insurer Allianz has agreed to sell its 60 percent stake in joint venture Allianz Popular SL to Banco Santander for €936.5 million, and terminate its exclusive non-life insurance distribution agreement with the Spanish bank. 24 June 2019
Insurance
AXIS Re, the reinsurance business segment of Bermuda-based AXIS Capital Holdings, has hired Robert Hands from CNA to lead its Australian business and further expand its efforts in the Asia Pacific market. 24 June 2019
Insurance
Tensorflight, an artificial intelligence insurtech start-up that uses machine learning and geospatial imagery to help P&C insurers better assess risks and understand portfolio exposures, has closed a $2 million financing round led by insurance industry investors HSCM Bermuda and Nephila. 24 June 2019
Insurance
Broking firm the County Group (County), part of Global Risk Partners (GRP), has acquired a UK insurance broker with more than 70 years of trading in the Stoke on Trent area “bringing significant scale” to County’s North West UK hub. 24 June 2019
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