Articles
Insurance
Insurtech Bought By Many has closed a £15m Series B funding round led by CommerzVentures, the corporate venture capital arm of Germany’s Commerzbank with participation of insurance broker Marsh. 3 July 2018
Insurance
Zurich Insurance Group has appointed Mark Peters as the new head of Oak Underwriting, a UK-based high net-worth insurance specialist, which it acquired from RSA Insurance. 3 July 2018
Insurance
The Caribbean Catastrophe Risk Insurance Facility (CCRIF), a multi-risk insurance pool designed to protect the region, has appointed a new chairman for a three-year term. 3 July 2018
Insurance
Hive Aero, a new managing general agency (MGA) specialising in aviation hull war insurance, has appointed Will Gaunt as class underwriter. 3 July 2018
Insurance
Allianz has revealed plans to buy back some €1 billion in shares in a move that reflects the tough market conditions in many of its sectors and also suggest it will not be seeking any large acquisitions. 3 July 2018
Insurance
Liberty Specialty Markets (LSM) has rebranded its reinsurance division as Liberty Mutual Re and launched a reinsurance operation in Italy for the first time. 3 July 2018
Insurance
Swiss Re Corporate Solutions has opened a new office in Hamburg, Germany to grow its regional commercial insurance portfolio. 3 July 2018
Insurance
Billionaire investor David Einhorn told clients that his Greenlight Capital hedge fund, which manages the investments for reinsurer Greenlight Re, suffered fresh losses in June and has now dropped 18.3 percent this year, according to a Reuters report. 3 July 2018
Insurance
Canada-based life insurer Sun Life Financial is in “a strong capital position” to pursue merger and acquisition (M&A) opportunities, CEO Dean Connor told AM Best. 3 July 2018
Insurance
Marsh & McLennan Agency (MMA), a middle market agency subsidiary of Marsh, has acquired Rockville, Maryland-based Insurance Associates, an independent insurance agency specializing in the construction industry. 3 July 2018
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