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Insurance
US-based insurance and financial services provider Nationwide has made a strategic venture capital investment in Betterview, a software platform and service provider for capturing and analysing data from drones. 8 May 2018
Insurance
Innovative Coverage Concepts (ICC), a wholesale broker and managing general agency (MGA), has appointed Joe Chamberlain as chief operating officer. 8 May 2018
Insurance
Malaysian Reinsurance Berhad (Malaysian Re), a wholly owned subsidiary of MNRB Holdings Berhad, has licensed AIR Worldwide’s catastrophe risk modelling platform for portfolio management and managing new risks. 8 May 2018
Insurance
HDI Global, the industrial insurer of the Talanx group, has made personnel changes in its management board following the departure of Joachim ten Eicken. 8 May 2018
Technology
Managing general agents are partnering with insurtech firms—a trend that could transform the sector and the very nature of MGAs, Peter Staddon, managing director of the Managing General Agents’ Association, tells Intelligent Insurer. 4 May 2018
Insurance
Italian insurance group Generali has increased operating results in its property/casualty (P&C) segment by 14.1 percent year on year to €528 million in the first quarter of 2018 due to improvements in the non-catastrophe loss ratio. 4 May 2018
Insurance
As it prepares to be taken over by AXA, Bermuda-based XL Group posted stable profits in the first quarter of 2018 while also enjoying solid growth in gross written premiums driven by rate increases. 3 May 2018
Insurance
Rate increases and a benign loss environment combined to help specialty insurance provider Lancashire Holdings increase profits while growing gross premiums written in the first quarter of 2018 although its CEO warned that the demand-supply dynamic has not shifted sufficiently to bring about fundamental rate changes across the board. 3 May 2018
Insurance
US-based broker Brown & Brown has entered into an agreement to acquire the Servco Pacific Insurance (SPI) operations in Hawaii and the Pacific Northwest. 3 May 2018
Insurance
US-based personal lines property and casualty insurer The Allstate Corporation benefitted from a decline in auto accident frequency and lower catastrophe losses in the first quarter of 2018. 2 May 2018
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