News
Insurance
Intrepidus Insurance Services, a Bermuda insurance broker, has had its registration to operate revoked by the Bermuda Monetary Authority (BMA) following an investigation triggered by a complaint against the company. 4 July 2018
Insurance
The Bermuda market passed the tests of 2017, which took the form of heavy losses triggered by large catastrophe claims, with flying colours, according to the CEO of The Association of Bermuda Insurers and Reinsurers (ABIR), speaking in relation to the results of its annual survey and report. 4 July 2018
Insurance
Israel-based insurtech start-up Planck Re, an artificial intelligence (AI) driven commercial insurance data platform, has raised $12 million Series A in its first funding round. 4 July 2018
News
Broker Ed has hired Souvik Goswami in its Dubai office to lead its treaty business across the Middle East and North Africa (MENA), as well as India and the Indian sub-continent. 4 July 2018
Insurance
Mitsui Sumitomo Insurance Company Europe (MSIEU), a wholly owned subsidiary of MSI, has concluded strategic alliance agreements with ICEA LION General Insurance Company in Kenya, and International Commercial and Engineering Seguros (ICE) in Mozambique. 4 July 2018
Insurance
Marsh & McLennan Agency (MMA), the middle market agency subsidiary of Marsh, has acquired Klein Agency, a St. Paul, Minnesota-based surety and property/casualty agency specialising in the construction industry. 4 July 2018
Insurance
California-based insurtech firm Trov has begun to roll out its on-demand insurance offering in the US a year after having received regulatory approval. 3 July 2018
Insurance
Specialist insurer Tokio Marine Kiln (TMK) has established a $100 million intellectual property (IP) facility with broker Aon and several other Lloyd’s syndicates. 3 July 2018
Insurance
Insurtech Bought By Many has closed a £15m Series B funding round led by CommerzVentures, the corporate venture capital arm of Germany’s Commerzbank with participation of insurance broker Marsh. 3 July 2018
Insurance
Zurich Insurance Group has appointed Mark Peters as the new head of Oak Underwriting, a UK-based high net-worth insurance specialist, which it acquired from RSA Insurance. 3 July 2018
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