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Insurance
Japanese lender Softbank has led a $120 million funding round in US insurtech firm Lemonade which wants to use the funds for a global expansion in 2018. 20 December 2017
Insurance
Volante Global, a new multi-class and multi-territory international managing general agent (MGA) platform, is set to launch and commence trading during the first quarter 2018. 20 December 2017
Insurance
Allianz X, the digital investment unit of the Allianz group, is investing $96.6 million in digital microinsurer BIMA. 20 December 2017
Insurance
Dutch firm EXIN Financial Services Holding has appointed Christos Adamantiadis as the new principal executive for the group’s portfolio companies and as a member of executive committee. 20 December 2017
Alternative Risk Transfer
Jardine Lloyd Thompson Capital Markets (JLTCM), a subsidiary of reinsurance brokerage firm JLT Re placed a catastrophe bond (Market 2017-2, Weather), which closed at $14.50 million. 20 December 2017
Insurance
US healthcare provider Humana is acquiring a 40 percent stake in-home care service provider Kindred Homecare for around $800 million with private equity partners owning the remaining 60 percent. 20 December 2017
Insurance
Broker Arthur J Gallagher and Alliant have settled a dispute over Gallagher employees hired by intermediary services provider Alliant. 19 December 2017
Insurance
Italy’s Generali is selling a non-life run-off portfolio of its UK branch to Compre Group, a discontinued business specialists in the insurance industry. 19 December 2017
Insurance
Rating agency AM Best is holding its 2018 outlook for the global reinsurance sector at negative, citing the considerable uncertainty surrounding the level and sustainability of any market improvement. 19 December 2017
Insurance
The Insurance Council of Australia (ICA) has welcomed government plans to drop the creation of a state-backed reinsurer. 19 December 2017
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