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Israeli drone insurance start-up Voom raises $5m for expansion
Insurance
Israeli drone insurance start-up Voom raises $5m for expansion
Voom, an on-demand telematics-based insurance platform for specialised mobility, has secured $5 million Series A funding, led by Arbor Ventures with participation from existing investors, and new partner Plug and Play Ventures, a Silicon Valley-based accelerator and corporate innovation platform.   22 May 2019
Tokio Millennium Re's O’Flynn joins Ariel Re as head of professional lines
Insurance
Tokio Millennium Re's O’Flynn joins Ariel Re as head of professional lines
Ariel Re, a subsidiary of Bermuda-based Argo Group, has hired Stephen O’Flynn as head of professional lines and casualty treaty underwriting – Bermuda.   22 May 2019
Voce drops Argo board proposals after regulatory ‘flip-flop’
Insurance
Voce drops Argo board proposals after regulatory ‘flip-flop’
Activist investor Voce Capital Management has withdrawn its controversial board nominations ahead of insurer Argo’s annual general meeting after official state approval was revoked.   22 May 2019
Insurance
Legal bid to save British Steel with disputed £30m insurance claim usurped by insolvency
A last ditch attempt by British Steel to claim a disputed £30 million in insurance from Zurich Insurance and Liberty Insurance to potentially save the firm from insolvency has failed as Intelligent Insurer went to press.   22 May 2019
Insurance
Aon, CNA, Everest Re and Hartford among 15 new members joining blockchain consortium
Seven insurance firms have joined the property and casualty sector of The Institutes RiskStream Collaborative, an organisation testing blockchain-based applications, including a proof of insurance, and a first notice of loss data-sharing process.   22 May 2019
Insurance
Zurich: the future is closer than you think
Technology is being used in increasingly flexible ways to create the insurance products needed by the modern world.   22 May 2019
Insurance
Munich Re appoints new US life and health CFO from RGA
Munich Re Life has appointed Quentin Marsh as new chief financial officer (CFO) of US life and health.   22 May 2019
Insurance
Fairfax appoints interim CFO following sudden death of David Bonham
Canada-based Fairfax Financial Holdings, the property and casualty re/insurance conglomerate which includes OdysseyRe, Allied World and Brit, has appointed John Varnell to serve as its chief financial officer (CFO) on an interim basis following the sudden and unexpected death of David Bonham this past weekend.   22 May 2019
Insurance
Willis Re partners with insurtech Concirrus to transform specialty reinsurance markets
Willis Re, the reinsurance division of broker Willis Towers Watson, has entered into a strategic partnership with London-based insurtech company Concirrus.   22 May 2019
Insurance
MDP and HPS funds take minority equity stake in UK-broker Ardonagh Group
Two investment funds have agreed to buy a £92million ($117 million) stake in independent broker the Ardonagh Group.   21 May 2019

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