Articles

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

Castel taps independent director to support expansion and growth plans

Castel Underwriting Agencies, a managing general agent (MGA) formation platform, has appointed Bob Cowdell as its first independent non-executive director to support its expansion and growth plans.   14 May 2018

Insurance

Aon picks technology leader as CEO of Aon Carrier Link

Broker Aon has appointed Richard Schuyler as chief executive officer of its Aon Carrier Link distribution channel.   10 May 2018

Insurance

Gallagher acquires UK regional commercial insurance broker

Broker Arthur J Gallagher is acquiring UK regional commercial insurance broker Risk Services based in Chester.   9 May 2018

Insurance

Duperreault promises AIG is on the right track

American International Group (AIG) had a disappointing start to 2018 as results missed expectations and caused the share price to dive, but CEO Brian Duperreault promised during the May 3 first quarter 2018 results call that the company is on track to address the issues in general insurance and deliver double-digit return on equity (ROE).   9 May 2018

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