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Japan's Toa Re hires former Amlin boss to launch new European unit in Zurich

Japan-based Toa Reinsurance Company (Toa Re) has hired the former chief executive of Amlin Europe to spearhead a new European reinsurance venture.   17 May 2018

Alternative Risk Transfer

Former Kiskadee and DaVinci Re execs launch new $50m ILS fund

Three experienced ILS executives including one of the founders of Hiscox-owned Kiskadee Investment Managers and a former managing director of RenRe-owned DaVinci Reinsurance have formed a new hedge fund-backed ILS venture, according to a May 16 Reuters report.   17 May 2018

Insurance

NN Group unveils more cost reductions post Delta Lloyd acquisition

Profits dipped at NN Group, one of the biggest insurers in the Netherlands, in the first quarter of 2018 but its gross premium income rocketed on the back of its 2017 acquisition of Delta Lloyd as its chief executive said he anticipates the integration of the two companies will be largely finalised by the end of the year.   17 May 2018

Insurance

Malaysian fintech startup Jirnexu attracts $11m investment

Southeast Asian insurtech start-up Jirnexu has secured $11 million of investment from Japan-based SBI Group and US-based investor SIG Asia Investments (SIG).   17 May 2018

Insurance

Fidelis adds mortgage indemnity capacity with new MGA Aware

Bermuda-based Fidelis Insurance has taken an equity stake in a new managing general agent (MGA) Aware Specialty, and will be providing underwriting capacity.   17 May 2018

Insurance

Hyperion bolsters board with former PwC partner

Intermediary Hyperion Insurance Group has appointed Mark Stephen as a non-executive director and chair of its audit committee.   17 May 2018

Insurance

Lemonade unveils open source policies

AI-powered insurtech firm Lemonade Insurance Company is planning to create open source policies with an aim to make them simple, approachable, relevant, and digital, according to CEO and co-founder Daniel Schreiber.   16 May 2018

Insurance

Arch CFO returns to AIG as chief actuary for general insurance

American International Group (AIG) has rehired Mark Lyons as senior vice president and chief actuary, general insurance.   15 May 2018

Insurance

Marsh loses case against insurtech startup Marshmallow

Insurtech startup Marshmallow has won a trademark case against insurance broker Marsh.   14 May 2018

Insurance

Zurich grows P&C in Asia Pacific, Latin America in Q1

Zurich Insurance Group has seen growth in its property/casualty (P&C) business in Latin America and Asia Pacific, but this expansion was offset by actions focusing on profitability in North America.   9 May 2018

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