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Insurance
There was a 248 percent increase in Insurtech funding volume to reach $985 million during the second quarter of 2017, driven by a record number of transactions, as well as several large investments in capital intensive carrier start-ups globally. 21 July 2017
Insurance
Ironshore International’s Pembroke Managing Agency, the third-party managing agent for Patria Re, a Lloyd’s approved Special Purpose Arrangement (SPA), has added a number of treaty property leaders to the Patria Re underwriting team. 17 July 2017
Insurance
TransRe has appointed a global head of business development – a newly-created position within the company. 17 July 2017
Insurance
Arnott Marine, a part of Castle Insurance Services, has appointed Brian Sullivan as broker relationship director to focus on developing its cargo underwriting capability to small and medium sized brokers in the UK. 17 July 2017
Insurance
Specialty managing general agent (MGA) Nexus Group has acquired Lloyd’s coverholder Equinox Global and all other Equinox group companies. 17 July 2017
Insurance
A major global cyber-attack has the potential to trigger $53 billion of economic losses, roughly the equivalent to a catastrophic natural disaster like 2012’s Superstorm Sandy, according to a scenario described in new research by Lloyd’s and cyber risk analytics modelling firm Cyence. 17 July 2017
Insurance
Californians alone would face $1.9 billion in higher insurance costs if Congress passes a border adjustment tax as part of federal tax reform, according to a new study released today by the R Street Institute and the Pacific Research Institute (PRI). 17 July 2017
Insurance
Trade bodies have welcomed the news that the US intends to sign a covered agreement with the European Union noting that it provides certainty for reinsurers on both sides of the Atlantic. 17 July 2017
Insurance
French reinsurer SCOR has signed an agreement with the Fédération nationale de la Mutualité Française and Matmut to acquire 100 percent of the shares of MutRé. 17 July 2017
Insurance
Reinsurance broker Guy Carpenter has hired Tom Hettinger to lead its capital, structured risk, growth and rating agency advisory capabilities in the US and Canada. 17 July 2017
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