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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
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
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
Bermuda-based Aspen Insurance Holdings has hired Lloyd’s executive Joshua Brekenfeld as director of global corporate development. 19 June 2019
Insurance
Ken Randall will no longer serve as the group chief executive officer (CEO) of Randall & Quilter Investment Holdings (R&Q), and will hand over the reins to Alan Quilter, who co-founded the business with him in 1991. 19 June 2019
Insurance
S&P Global Ratings has revised the outlook of Lloyd's of London and its core subsidiaries to stable from negative, following changes made by the specialist re/insurance market to improve its overall underwriting performance. 17 June 2019
Insurance
Innovisk Capital Partners, a London-based global insurtech start-up, has unveiled a new underwriting agency, called Themis, focussing on the provision of mergers and acquisitions (M&A) insurance solutions. 17 June 2019
Insurance
The London and International Insurance Brokers’ Association (LIIBA) has appointed James Masterton, chief executive officer of Price Forbes, and David Pexton, chief executive officer of Lonmar Global Risks, to its board. 17 June 2019
Insurance
Re/insurer MS Amlin has appointed Mary Vogiatzidou as senior marine underwriter in its Dubai operations. 17 June 2019
Insurance
Brazilian reinsurers Austral Re and Terra Brasis Re have signed an investment agreement to merge their operations in order to create the second-largest domestic reinsurer in the vast South American country. 17 June 2019
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