Articles

Insurance

Lemonade, Metromile, Root struggle to reach underwriting profits

The venture-backed full-stack US insurtech startups continued to show rapid premium growth in the second quarter of 2018 with moderately lower underwriting losses but they have yet to generate a sustainable loss ratio under 100 percent, according to “The Second Quarter in InsurTech Start-up Financials” by Matteo Carbone.   29 August 2018

Insurance

THB bolsters UK Risk Solutions leadership and broking strategy

Specialist re/insurance broker THB has announced new leadership and a new multi-sector strategy for THB UK Risk Solutions, its wholesale broking operation which places UK risks on behalf of brokers.   29 August 2018

Insurance

$2.6bn Aspen deal latest in insurance M&A frenzy

Alternative investment manager Apollo is paying $2.6 billion to buy Bermuda-based Aspen Insurance Holdings and take the insurer private in what is the latest development in a string of insurance deals.   28 August 2018

Insurance

Allstate pays $525m to acquire InfoArmor

US personal lines insurer Allstate Corporation is acquiring employee identity protection provider InfoArmor for $525 million in an all-cash transaction.   28 August 2018

Insurance

Apollo acquires Aspen for $2.6bn

Alternative investment manager Apollo is offering $2.6 billion to buy Bermuda-based Aspen Insurance Holdings and take the insurer private.   28 August 2018

Insurance

European insurers target high-margin lines, reduce cost

European insurance companies are increasingly concentrating on high-margin lines and cost efficiencies in order to meet return on equity (ROE) targets, according to AM Best.   28 August 2018

Insurance

Canopius strengthens specialty unit with Chubb hire

Specialty re/insurer Canopius has hired Sean Redden for a new London-based role as underwriting counsel for its specialty division, with a specific focus on credit and political risk.   28 August 2018

Insurance

Aon appoints Goldman Sachs exec to new global leadership role

Broker Aon has appointed Goldman Sachs' Joel Sulkes as global financial institutions leader, based in New York.   28 August 2018

Insurance

Argo names new US specialty programmes leader

Specialty re/insurer Argo Group International Holdings has appointed Marsh Duncan to serve as senior vice president US specialty programmes.   28 August 2018

Insurance

Allied World Re appoints Asia Pacific treaty reinsurance head

Allied World Assurance Company Holdings has appointed Yeo Meng Wong as senior vice president & general manager, Asia Pacific treaty reinsurance division.   28 August 2018

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