News

Insurance

Qudos Insurance placed into liquidation; DARAG enters risk transfer deal

Investment management company New Nordic Advisors has placed its wholly-owned insurance subsidiary Qudos Insurance (Qudos) into liquidation, effective immediately, following a comprehensive review of the insurance company’s position.   27 November 2018

Insurance

Zurich partners with insurtech Snapsheet in claims innovation strategy

Zurich Insurance Group has partnered with Chicago-based Snapsheet, a provider of virtual claims technology for the personal and commercial insurance marketplace.   27 November 2018

Insurance

RSA appoints new specialty, wholesale leader

UK-based RSA Group has appointed Geoff Jones as director of its specialty and wholesale unit, part of its global risk solutions (GRS) business.   27 November 2018

Insurance

California wildfire losses may reach $19bn: CoreLogic

The Camp and Woolsey wildfires in California are expected to cause economic losses between $15 billion and $19 billion, according to data provider CoreLogic.   27 November 2018

Insurance

Insurtech Corvus raises $10m to expand into commercial lines

Boston-based insurtech Corvus has raised $10 million Series A investment led by venture capital firm .406 Ventures and Hudson Structured Capital Management, with participation from Bain Capital Ventures.   27 November 2018

Insurance

B3i raises funding, targets commercial blockchain market

The blockchain insurance industry initiative B3i is finalising a funding round as it plans to target the commercial insurance market.   23 November 2018

Insurance

Insurtech fundraising reaches all-time high

Global fundraising for insurtech startups has already reached an all-time high in volume in 2018 as of October with 204 deals, following 202 deals in the full year of 2017 and 174 transactions in 2016, according to the latest The Insurtech M&A Market Report by Hampleton Partners.   20 November 2018

Insurance

Blockchain initiative B3i cooperates with RiskBlock Alliance

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

Insurance

Trend to bespoke products drives AFL into Zodiac acquisition

A trend toward bespoke insurance products driven by available technology and data is one of the reasons why Lloyd’s broker AFL Insurance Brokers decided to acquire US-based Zodiac Insurance Services, AFL CEO Bob Finch, told Intelligent Insurer.   13 November 2018

Insurance

Lloyd’s approves Arcus 1856 business plan for 2019

Lloyd’s has approved the 2019 business plan of Arcus 1856 syndicate with an increase in property insurance capacity.   13 November 2018

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