News
Insurance
TrackActive, a UK-based InsurTech startup, said it is on target to raise the £300k it needs in seed funding after it partnered with Gen Re, lead investor HR Tech Partnership, and other angel investors through Seedrs. 13 February 2019
Alternative Risk Transfer
The spate of heavy losses in 2017 and 2018, compounded by ‘loss creep’ as some funds struggled to post accurate loss estimates, seems to have made ILS investors pause for thought, with many being much more circumspect as to where to place their money. Intelligent Insurer investigates. 13 February 2019
Insurance
Re/insurer AXA XL will slash 711 jobs from its European businesses as part of a major restructuring plan following its integration with the XL Group. 12 February 2019
Insurance
Bermuda reinsurer Maiden Holdings is faced with battling a class action lawsuit, which alleges that the company and some of its former officers misled investors over the nature of underwriting and risk management controls relating to reinsurance agreements with AmTrust. 12 February 2019
Insurance
Lloyd's re/insurance broker RFIB Group has established new permanent offices in Montecasino, Johannesburg, to further expand its presence in Africa. 12 February 2019
Insurance
Munich Re's primary insurance unit ERGO Group is selling its non-life insurance business in Russia to RESO-Garantia as part of what it called an international portfolio optimisation strategy. 12 February 2019
Insurance
Bermuda specialty re/insurer Argo Group enjoyed strong growth and better profits in 2018 by “optimising its portfolio” and growing in lines with most “profit potential” according to its CEO. 12 February 2019
Insurance
Everest Re Group’s profits dipped in 2018 as a result of high levels of catastrophe losses during the year but the company’s CEO said he was pleased to still make a profit and praised the diversification of the company’s portfolio. 12 February 2019
Insurance
Lloyd’s underwriter StarStone is closing its Australia office following a "strategic review" and has appointed Agile Underwriting as a representative agent for the global specialty insurer in Australia and New Zealand. 12 February 2019
Insurance
Bermuda-based re/insurer Ascot and specialty insurer Beazley have come together to launch a Lloyd’s based cargo consortium that uses insurtech solutions to help manage risk and claims performance. 12 February 2019
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