News
Insurance
UK insurer Legal & General Group has developed what it claims to be the "first pension risk transfer execution platform driven by blockchain technology" using Amazon Web Services (AWS). 13 June 2019
Insurance
Lloyd’s of London CEO John Neal said the market needs to seize a once in a generation opportunity to digitise and innovate or risk becoming irrelevant. 13 June 2019
Insurance
UK-based insurtech firm Inzura.ai has raised a further £1 million in a pre-A funding from insurance industry leaders, following a seed investment round in early 2018 and growth in the UK and South East Asian markets. 13 June 2019
Insurance
Trident Insurance Group, a specialist in the surety bond market primarily in the Mid-Atlantic region of the US, has signed a reinsurance treaty with Beazley Insurance Company. 12 June 2019
Insurance
Insurtech incubator and venture capital firm Gateway is targeting up to £30 million of investment for its new fund launched to support technology start-ups in the insurance and reinsurance space. 12 June 2019
Insurance
AXIS Re, the reinsurance business segment of Bermuda-based AXIS Capital Holdings, has hired Joe Sweeting as head of Lloyd’s casualty reinsurance. 12 June 2019
Insurance
Cyber insurance premiums in the US increased to $2.03 billion in 2018, a rise of around 10 percent from 2017, analysis by Aon has revealed. 12 June 2019
Insurance
AI-powered insurtech company Lemonade has entered the European market with the launch of its contents and liability insurance product in Germany – its first major market outside of the US. 12 June 2019
Insurance
The number of securities class action lawsuits has more than doubled in the past four years, but according to insurer Chubb, the beneficiaries of the payouts are not “harmed investors” but instead its lawyers bringing cases of “dubious merit”. 11 June 2019
Insurance
Insurer Aviva has appointed Jason Storah as new chief executive of its Canadian business, replacing Colm Holmes. 11 June 2019
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