News

Insurance

Insurtech CoverHound attracts $58m investment from Hiscox, Chubb, MS&AD

Specialist insurer Hiscox has led a $58 million Series D funding round of insurtech CoverHound, with additional investors including Chubb, Aflac Ventures and Japan-based MS&AD.   6 February 2019

Insurance

Lockton appoints US casualty leader

Insurance broker Lockton has promoted Debbie Goldstine to executive vice president and US casualty leader.   25 January 2018

Insurance

Mapfre Global Risks hires engineering insurance expert

The German branch of Mapfre Global Risks has poached an expert in engineering insurance from Allianz Global Corporate & Specialty.   25 January 2018

Insurance

JLT Re appoints new CEO of Asia Pacific from Aon Benfield

Reinsurance broker JLT Re has appointed Aon's chief operating officer as its Asia Pacific CEO. Jeremy Fox replaces Stuart Beatty, who is leaving the business to pursue alternative career opportunities.   16 January 2018

Insurance

Castel opens in Amsterdam for European expansion

Castel Underwriting Agencies, a managing general agent (MGA) formation platform, has opened its first branch office in Amsterdam, Netherlands to support plans to expand its operations in Europe as the UK leaves the EU.   29 May 2018

Insurance

Ed expands professional, executive risk business into Jersey

Reinsurance, wholesale and specialty broker Ed has received a license to carry out general insurance mediation business by the Jersey Financial Services Commission.   29 May 2018

Insurance

Validus subsidiary AlphaCat climbs to $3.4bn in assets under management

AlphaCat, the third party reinsurance capital management subsidiary of Validus, has increased its assets under management to $3.4 billion.   11 January 2018

Insurance

Swiss Re, SoftBank end investment negotiations

Swiss Re and SoftBank Group have agreed to end discussions about a potential minority investment of SoftBank in Swiss Re.   28 May 2018

Alternative Risk Transfer

FEMA to issue $275m cat bond for NFIP

The Federal Emergency Management Administration (FEMA) will launch a cat bond to transfer risk from the National Flood Insurance Program (NFIP) to the capital markets through Flood Smart Re, a Bermuda-domiciled insurance vehicle.   18 July 2018

Insurance

AIG may free up to $5bn through DSA Re

American International Group (AIG) could potentially free up between $2 and $5 billion capital through the legacy portfolio transferred to DSA Re, a wholly-owned Bermuda-based reinsurer formed in February, 2018, according to Morgan Stanley research.   18 July 2018

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