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Insurance
Castel Underwriting launches political risk book
Castel Underwriting Agencies, an MGA formation platform that supports individual underwriters with smaller books of niche business, has expanded its Castel Specialty portfolio with the addition of a political risk book.   21 May 2018
Insurance
Cyber major earnings driver for Beazley
Cyber could contribute 30 percent to Beazley’s underwriting earnings by 2020, according to Jefferies analysts.   21 May 2018
Insurance
Crawford appoints former SCOR exec to Lloyd’s unit
Crawford & Company (Canada), a provider of claims management solutions, has appointed Sandra Harbans to its Lloyd’s unit as director of operations. Harbans has previously worked for SCOR and Northbridge.   21 May 2018
Insurance
US direct cyber market grows 32%
The US cyber market grew significantly in 2017 with direct premiums written by US property/casualty (P&C) insurers (excluding non-US and alien surplus lines insurers) rising nearly 32 percent year over year to $1.8 billion, according to AM Best.   21 May 2018
Insurance
Credit risk reforms expected to disrupt UK insurance line
Credit risk insurance policies are likely to become more expensive and less readily available if regulatory changes proposed by the UK’s Prudential Regulation Authority (PRA) are pursued, according to the International Underwriting Association (IUA).   16 May 2018
Insurance
SCOR refocuses large corporate risks unit
French reinsurer SCOR has reorganised the structure of its large corporate risks insurance unit, SCOR Business Solutions, with the aim to increase client centricity.   16 May 2018
Insurance
XL Catlin boosts global M&A insurance capacity
Re/insurer XL Catlin has extended its global mergers and acquisitions (M&A) capacity by 20 percent to $60 million, in order to better address the transactional liability insurance needs of clients, brokers and other deal professionals.   16 May 2018
Insurance
Insurtech Ladder raises another $10m for expansion
California-based insurtech startup Ladder as secured $10 million strategic investment from Allianz Life Ventures and Northwestern Mutual Future Ventures.   16 May 2018
Insurance
Munich Re-backed cyber startup At-Bay attracts $13m investment
California-based cyber insurance start-up At-Bay has secured a $13 million Series A funding.   14 May 2018
Insurance
Nationwide invests in AI insurtech start-up Betterview
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

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