News
Insurance
Insurers that can show more empathy to their customers, especially in relation to the claims journey, will steal a march on their rivals – and artificial intelligence (AI) could be the key to making this a reality. 21 May 2019
Insurance
The Cayman Islands-based reinsurer Greenlight Re's insurtech unit has made a strategic investment in an online insurance and consumer dispute resolution start-up FairClaims. 20 May 2019
Insurance
Chicago-based insurtech Snapsheet, a provider of virtual claims technology for the personal and commercial insurance marketplace, has secured $29 million in Series E funding for global expansion. 20 May 2019
Insurance
Japan-based specialty reinsurer Sompo Holdings has predicted it will see “a record high” in its fiscal year 2019 (FY 2019) results for ordinary profit and consolidated net income, as it reported steady increases in net income for FY 2018. 20 May 2019
Insurance
Bermuda has been removed from the European Union's so-called blacklist list of "non-cooperative" jurisdictions following a meeting of EU finance ministers on May 17. 20 May 2019
Insurance
Rating agency AM Best has revised the outlook of Bermuda-based reinsurer Third Point Re to negative from stable, expressing "concerns over the company’s business profile", its ability to make underwriting profits, and the recent changes in its senior management including the departure of its CEO Robert Bredahl. 17 May 2019
Insurance
US-based property/casualty insurer The Hartford has received all regulatory approvals necessary for the closing of its acquisition of global specialty insurance holding The Navigators Group. 17 May 2019
Insurance
Average commercial insurance prices globally enjoyed their biggest increase since 2012 in the first quarter of 2019, according to Marsh’s Global Insurance Market Index. 17 May 2019
Insurance
Re/insurance broker Aon has made several organisational changes within its global reinsurance clients team co-led by Brad Melvin and Bruce Selby Bennett, in a move it hopes will help better align and integrate with the wider firm, and increase value to its clients. 17 May 2019
Insurance
German reinsurer Deutsche Rück Group's profits soared in 2018 but its book shrank due to a restructuring of a business segment within the group of German public insurers. 17 May 2019
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