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

AIG's Duperreault optimistic about reaching underwriting profit in 2018

Despite AIG’s general insurance having reported an underwriting loss for the second quarter of 2018, group CEO Brian Duperreault remains optimistic that the company will be able to deliver an underwriting profit when exiting 2018.   6 August 2018

News

Berkshire reinsurance swings to profit in Q2

Berkshire Hathaway Reinsurance Group made a profit in the second quarter of 2018 as performance in both property/casualty (P&C) as well as life/health (L&H) underwriting improved.   6 August 2018

Insurance

DSA Re deal paves way for AIG legacy divestment

The deal with The Carlyle Group will make it easier for AIG to divest the rest of its DSA Re legacy portfolio, AIG CEO Brian Duperreault said during the group’s second quarter earnings call.   6 August 2018

Insurance

MSIG partners with insurtech Plug and Play

Asian general insurer MSIG Insurance has entered into a strategic partnership with Plug and Play, a startup accelerator and corporate innovation platform.   6 August 2018

Insurance

Compass offers gig economy accident cover with Bikmo

Compass Underwriting, a specialist underwriting agency in the accident and health (A&H) market, has partnered with specialist bike insurer Bikmo to provide an accident and injury insurance product for self-employed couriers working in the gig economy.   6 August 2018

Insurance

Insurtech wefox launches in Italy, partners with broker

Switzerland-based insurance platform wefox has entered the Italian market and closed a partnership with brokerage Mansutti.   6 August 2018

Insurance

IAG general counsel resigns while on extended leave

Insurance Australia Group (IAG) has revealed that its group general counsel and company secretary Chris Bertuch has decided to leave the company, effective Sept. 30.   10 July 2018

Insurance

Hyperion buys 10% stake in Lloyd's managing agency Apollo

Hyperion Insurance Group, which owns brokers Howden, RKH and underwriting division DUAL, has acquired a 9.9 percent stake in Apollo Partners.   14 June 2018

Insurance

Ardonagh expands into reinsurance with new Price Forbes broker

Ardonagh-owned Price Forbes & Partners has launched a new broking entity specialising in reinsurance business, both treaty and facultative.   14 June 2018

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