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Insurance
Insurtech startup CoverWallet closes new round of funding
Insurtech startup CoverWallet has closed an $18.5 million series B funding round led by Foundation Capital with participation from existing investors Union Square Ventures, Index Ventures, CV Starr, and Two Sigma Ventures.   16 October 2017
Insurance
Nat cat losses to become capital event for reinsurers: S&P
Losses from natural catastrophes in the third quarter will likely wipe out global reinsurers' annual earnings and ultimately become a capital event for the sector, S&P Global Ratings said on Oct. 13.   16 October 2017
Insurance
Aon sues Marsh over misappropriation of trade secrets
Aon Consulting has filed a lawsuit against Marsh over misappropriation of trade secrets, deceptive trade practices, unfair competition, and tortious interference with a prospective economic advantage.   10 October 2017
Insurance
Wildfires sweep through California’s vineyards
Wildfires swept through Northern California’s world-famous wine country, destroying homes and businesses, Reuters reported on Oct. 9.   10 October 2017
Insurance
Zurich signs £41m capacity deal with Rural; replaces XL Catlin
Zurich Insurance has entered into a new long-term capacity deal with Harrogate-based specialist agricultural insurer Rural Insurance.   10 October 2017
Insurance
Marsh names head of Glasgow operations
Global insurance broking and risk management firm Marsh has appointed Maureen Robertson as head of its Glasgow office, and Martin McKenna as regional sales leader, Scotland.   5 October 2017
Insurance
Zurich sees max $20m H2 hit to Farmers Re from catastrophes
Zurich Insurance Group said that Farmers Re faced a hit of no more than $20 million in the second half from catastrophes such as Hurricanes Irma and Harvey.   4 October 2017
Insurance
Willis launches DACH fac reinsurance hub with Mapfre hires
Willis Towers Watson has launched a new hub to focus on facultative reinsurance business across the DACH region of Germany, Austria, and Switzerland.   4 October 2017
Insurance
Guy Carpenter taps Marsh exec to lead global innovation
Reinsurance broker Guy Carpenter & Company has appointed Claude Yoder as managing director and global chief innovation and product development officer.   4 October 2017
Insurance
Insurtech PremFina raises $36m
UK insurtech firm PremFina said on Oct. 4 that it raised $36 million in equity funding and a debt facility.   4 October 2017

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