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The blockchain insurance industry initiative B3i is finalising a funding round as it plans to target the commercial insurance market. 23 November 2018
Insurance
Reinsurer SCOR has received the French supervisory authority's approval for SCOR Europe SE, the new Paris-based P&C specialty insurance company it is creating to ensure business continuity post Brexit. 22 November 2018
Insurance
Commercial insurance pricing increased for the fourth consecutive quarter in the third quarter of 2018 by more than 1 percent, driven by property and financial and professional lines, according to the most recent Global Insurance Market Index compiled by Marsh. 22 November 2018
Insurance
UK insurer Aviva is acquiring a majority stake in connected home insurer Neos Ventures, a London-based insurtech startup backed by Munich Re. 22 November 2018
Insurance
AM Best has assigned a Financial Strength Rating (FSR) of B (Fair) and a Long-Term Issuer Credit Rating (Long-Term ICR) of “bb+” to UK-based Folgate Insurance Company. The outlook assigned to these Credit Ratings (ratings) is stable. 22 November 2018
Insurance
B3i, the blockchain insurance industry initiative, is cooperating with RiskBlock Alliance in the development and setting of data standards for the insurance industry. 15 November 2018
News
Citing Charles Darwin, SCOR CEO Denis Kessler believes that only the companies most responsive to change will survive in an increasingly complex and dynamic operating environment for reinsurers. 14 November 2018
Insurance
Wildfire losses in California will reach record levels in 2018 after three different fires erupted in November and will force insurers to re-price and reassess their California exposures, according to AM Best estimates. 14 November 2018
Insurance
Covéa chairman and CEO Thierry Derez has resigned from SCOR’s board of directors after SCOR CEO Denis Kessler had asked him to step down. 14 November 2018
Insurance
Enstar is creating a Cayman Islands-licensed insurance company (the Retrocessionaire) as a subsidiary of the group following the retrocession deal with Maiden Holdings. 14 November 2018
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