News

Insurance

Insurtech Setoo secures €8m funding from AXA

Setoo, a London-based insurance and protection-as-a-service company, has closed an €8 million Series A funding round with AXA’s insurtech startup studio Kamet.   18 September 2018

Insurance

Florence losses likely to be largely retained by insurers: Moody’s

Losses from Hurricane Florence will be largely retained by property/casualty insurers only “dampening” their third quarter earnings. Only reinsurers and ILS funds with low attachment points may find themselves subject to claims, according to a report by Moody’s, which also predicted no cat bonds would be triggered.   17 September 2018

Insurance

Insurers brace for a hit as Typhoon Mangkhut lashes HK and China

Shares in several insurers in Asia have slumped on the back of Typhoon Mangkhut causing devastation in Hong Kong and Southern China.   17 September 2018

Insurance

Typhoon Jebi expected to cost up to $5.5bn: RMS

Risk modelling firm RMS has estimated that the insured loss for Japan from Typhoon Jebi will be between $3 billion and $5.5billion (¥340 to ¥620billion).   17 September 2018

Insurance

Hurricane Florence floods devastate North Carolina

Hurricane Florence drenched North Carolina with more downpours on Sunday, Sept. 16, damaging tens of thousands of homes and threatening worse flooding as rivers fill to the bursting point, Reuters reported on Sept. 16.   17 September 2018

Insurance

BMS bolsters energy division with JLT, Price Forbes hires

Broker BMS Group has hired four new executives from JLT and Price Forbes to expand its energy division.   17 September 2018

Insurance

Aon hires PwC exec to lead EMEA M&A infrastructure

Broker Aon has hired a PwC executive to expand its merger and acquisitions (M&A) and transaction solutions capability for infrastructure.   17 September 2018

Insurance

Sedgwick creates biggest global marine claims team

The marine claims divisions of Sedgwick and Cunningham Lindsey’s have been merged creating the largest team in the world of marine claims services. Sedgwick acquired Cunningham Lindsey in April 2018.   17 September 2018

Insurance

Neal faces wide range of problems at Lloyd’s

Lloyd’s is in danger of falling behind the rest of the re/insurance industry if its new chief executive officer John Neal does not get a firm grip relatively quickly, according to Gavin Coull, partner and head of reinsurance at legal firm BLM.   17 September 2018

Insurance

Insurtech Brolly files first own claim with Hiscox after burglary

Insurance startup Brolly, which offers an AI-driven insurance app, is claiming on its own business insurance for the first time after its office was burgled.   14 September 2018

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