News
Insurance
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
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
Everest Insurance Ireland, dac (EIID), the Dublin-based subsidiary of Everest Re Group, is opening a new branch office in the UK to expand its international capabilities. 16 April 2019
Insurance
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 has predicted “stable to gradually increasing activity” in the European property casualty run-off market in a report. 15 April 2019
Insurance
Insurdata, an insurtech firm which intelligently creates, enhances, scores and transfers high resolution, peril-specific exposure and risk data, has secured $3 million from a group of investors led by Anthemis and Menlo Ventures. 15 April 2019
Insurance
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
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
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
Insurance
TransRe, the reinsurance arm of Transatlantic Holdings and a wholly owned subsidiary of Alleghany Corporation, is to merge its North America and Latin America divisions into TransRe Americas as part of its leadership transition. 12 April 2019
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