News
Reinsurance
The re/insurance industry holds high expectations for blockchain technology as an opportunity to increase efficiency of insurance processes, and the future is beginning to take shape with the launch of new platforms and products. Intelligent Insurer reports. 4 December 2018
Insurance
US-based Lemonade is coming to Europe – its first major market outside of the US, Daniel Schreiber, CEO and co-founder, announced in a November 29 blog. 29 November 2018
Insurance
Authorities have ordered more than 10,000 people to flee from “catastrophic” wildfires in north-east Australia while heavy rainfall in the south-east has caused flooding leaving at least two people dead, according to news reports. 29 November 2018
Insurance
Moody’s estimates total insured losses from the Camp and Woolsey wildfires in California for property and casualty (P&C) re/insurers at $10-$15 billion. 29 November 2018
Insurance
Berlin-based Element, a digital property/casualty insurer, has completed its Series A financing round with €23 million in new capital as it prepares to expand internationally next year. 29 November 2018
Insurance
RKH Specialty, part of the Hyperion Insurance Group, has appointed Julian Franzman as head of marine cargo, hull and liabilities for Asia Pacific. 29 November 2018
Insurance
AmTrust Financial Services has completed the merger transaction in which Evergreen Parent acquired the approximately 45 percent of the company’s issued and outstanding common shares that the Karfunkel-Zyskind Family and certain of its affiliates and related parties did not already own or control. 29 November 2018
Insurance
AXA XL, the property/casualty (P&C) and specialty risk division of the AXA group, is targeting higher synergies than previously announced from the combination of the XL Group and AXA businesses while also planning to further reduce the natural catastrophe (nat cat) exposure. 28 November 2018
Insurance
Japans three major insurance groups Tokio Marine Holdings (TMHD), Sompo Holdings and MS&AD Insurance Group Holdings are expected to remain profitable in fiscal 2018 (April-March) despite record high domestic wind and flood catastrophe losses, according to Moody’s. 28 November 2018
Insurance
Reinsurer TransRe has partnered with London-based insurtech Concirrus, a provider of marine and motor analytics, to jointly develop data-driven reinsurance products and services. 26 November 2018
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