Articles

Insurance

Ardonagh buys Swinton Group for £165m from Covéa

UK insurance intermediary Ardonagh Group is acquiring broker Swinton Group from its French parent Covéa Group for a consideration of approximately £165 million.   27 September 2018

Insurance

Munich Re, XL, Sompo invest $20m in insurtech Slice

US-based insurtech Slice Labs, which offers cloud-based on-demand insurance, has raised an additional $20 million in Series A funding to further expand its offering on a global scale.   27 September 2018

Insurance

Aon partners with Pembroke at Lloyd’s for public protection policy

Broker Aon is collaborating with Pembroke Managing Agency at Lloyd’s to develop a Public Protection Policy (PPP) to support the victims of terrorist attacks.   27 September 2018

Insurance

Kessler accuses SCOR investor of defamation in war of words over Covéa snub

Denis Kessler, the chief executive of SCOR, has dismissed accusations that the board’s snub of Covéa’s €8.2 billion offer to buy the reinsurer amounted to “gross management negligence” in a strongly worded letter in which he also accuses the shareholder that made the allegation of defamation.   25 September 2018

Insurance

AXIS files lawsuit to avoid paying Weinstein defence under D&O policy

AXIS Surplus Insurance, a subsidiary of AXIS Capital, will go to court to argue it does not have to cover the defence costs of filmmaker Harvey Weinstein in connection with pending civil and criminal litigation, which includes two rape charges, under a directors and officers policy.   25 September 2018

Insurance

Pioneer appoints new CEO from XL Catlin; chairman Taylor steps down

Pioneer Underwriters has appointed XL Catlin's Andrew McMellin as its new chief executive officer (CEO), and elevated current CEO Dane Douetil to chairman of the business.   25 September 2018

Insurance

Florence loss estimates vary wildly between £2.8bn and $11bn

Risk modelling agencies have been attempting to quantify the losses from Hurricane Florence – but significant variations exist between the loss estimates.   25 September 2018

Insurance

Chubb names new North American property claims leader

Insurer Chubb has appointed Tim Barziza as head of its North American property claims, replacing Bill Turnbull who is retiring at the end of 2018 after over 30 years at Chubb.   25 September 2018

Insurance

Aegon merges legal entities to boost US capital position

Dutch insurance group Aegon is merging two of its US legal entities in a move that is expected to generate a one-time capital benefit of approximately $1 billion.   25 September 2018

Insurance

Insurtech Socotra secures $5.5m funding to modernise insurance technology

San Francisco-based Socotra, an insurtech startup and the creator of the first cloud-native insurance core platform, has raised $5.5 million in a Series A funding round with Silicon-Valley based technology investment firm 8VC.   25 September 2018

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