Articles

Insurance

CCRIF expands cover and introduces new risk model for tropical cyclones and earthquakes

The Caribbean Catastrophe Risk Insurance Facility (CCRIF) has expanded its cover and brought in a new risk model for tropical cyclones and earthquakes as member governments in the region renewed and extended their policies for 2019/20.   19 June 2019

Insurance

Pay-as-you go insurtech Zego raises $42 million to fund European expansion

London-based insurtech Zego, a provider of pay-as-you-go insurance for drivers and riders who work flexibly with their own vehicles, has raised $42 million Series B funding from investment firm Target Global, with other backers including TransferWise founder Taavet Hinrikus.   19 June 2019

Insurance

Aon partners with insurtech Hi Marley for AI-powered platform

Re/insurance broker Aon has formed a strategic alliance with insurtech firm Hi Marley to improve insurers’ customer engagement through an artificial intelligence-enabled messaging solution.   19 June 2019

Insurance

Aspen hires Lloyd’s of London executive for global role

Bermuda-based Aspen Insurance Holdings has hired Lloyd’s executive Joshua Brekenfeld as director of global corporate development.   19 June 2019

Alternative Risk Transfer

PERILS acquires Canadian loss aggregator CatIQ in expansion move

Zurich-based catastrophe insurance data provider PERILS has acquired Canadian loss and exposure aggregation firm Catastrophe Indices & Quantification (CatIQ).   18 June 2019

Insurance

Swiss Re subsidiary ReAssure confirms IPO, expects LSE listing in July

ReAssure, a subsidiary of Swiss Re, has confirmed plans to undertake its initial public offering as per its announcement on the 7 June 2019.   14 June 2019

Insurance

Legacy firm Compre signs trio of acquisitions as part of run-off deal

Re/insurance legacy specialist Compre has made three acquisitions to “consolidate a complex legacy London Market pool”, involving Basler Versicherung AG (Baloise), Helvetia Swiss Insurance Company (Helvetia), and an undisclosed European insurance group.   14 June 2019

Insurance

Aon hires Phelps in Enterprise Client Group expansion

Global professional services firm Aon has hired Richard Phelps as an Enterprise Client Group leader as part of expansion plans. He will report to Jim Herbert, co-global head of the company’s Enterprise Client Group.   14 June 2019

Insurance

Marine insurers face ‘cocktail of risk’ after Gulf of Oman tanker attacks

Attacks on two oil tankers in the Gulf of Oman on Thursday will force insurance underwriters to scrutinise voyages more closely with premium increases for vessels in the region a “near certainty”, an industry expert has said.   14 June 2019

Insurance

US cyber insurance premiums up 10% to over $2bn in 2018, finds Aon

Cyber insurance premiums in the US increased to $2.03 billion in 2018, a rise of around 10 percent from 2017, analysis by Aon has revealed.   12 June 2019

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