News

Insurance

Insurtech Cytora secures £25m Series B for AI-powered commercial underwriting solution

UK-based insurtech Cytora, a provider of AI-powered solutions for the commercial insurance industry, has raised £25 million funding to expand its product suite and scale into new geographies.   17 April 2019

Insurance

Capsicum Re swoops for Guy Carpenter MD to expand mortgage indemnity reinsurance business

Guy Carpenter's Stephen Mathews has joined specialist reinsurance broker Capsicum Re's mortgage indemnity reinsurance division. Based in New York, he will head up the division’s global analytics capability.   17 April 2019

Insurance

Liberty Mutual buys AmTrust's global surety, credit reinsurance business

Liberty Mutual Insurance is to acquire the global surety and credit reinsurance operations of AmTrust Financial Services in a move it hopes will support its "goal of becoming a top three global commercial re/insurer".   16 April 2019

Insurance

PartnerRe appoints AXIS Re's Jonathan Colello as Americas P&C CEO

Reinsurer PartnerRe has hired AXIS Re's Jonathan Colello as CEO of property and casualty (P&C) Americas, and president of Partner Reinsurance Company of the US.   16 April 2019

Insurance

AXIS Re names new president of EMEA & Latin America

AXIS Re, the reinsurance business segment of Bermuda-based AXIS Capital Holdings, has appointed Andy Hottinger as president of its EMEA LatAm division.   16 April 2019

Alternative Risk Transfer

S&P predicts ‘stable to gradual increases’ in European run-off market

S&P has predicted “stable to gradually increasing activity” in the European property casualty run-off market in a report.   15 April 2019

Insurance

China's Anbang sells Belgian insurer Fidea to Baloise Group for €480m

Swiss insurer Baloise Group is acquiring Belgian multi-sector insurer Fidea NV from the Chinese Anbang Insurance Group for €480 million.   15 April 2019

Insurance

Lemonade raises $300m funding to fuel expansion; SoftBank, Allianz, Google Ventures among investors

AI-powered insurtech company Lemonade has secured $300 million in Series D funding round led by Japanese conglomerate SoftBank Group, with participation from Allianz, General Catalyst, GV (Google Ventures - the venture capital investment arm of Alphabet), OurCrowd, and Thrive Capital.   12 April 2019

Insurance

Google's AI venture fund leads $3.85m investment in insurtech start-up Flyreel

US-based insurtech start-up Flyreel, a provider of artificial intelligence-powered underwriting solution for commercial and residential insurers, has secured $3.85 million in funding led by Gradient Ventures, Google’s AI-focused venture fund.   12 April 2019

Insurance

Atlas Financial mulls sale as it explores 'strategic alternatives'

Commercial auto insurer Atlas Financial is 'exploring strategic alternatives' including a potential sale of the company or certain assets, and has retained Sandler O'Neill + Partners as its financial advisor.   12 April 2019

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