News

Insurance

RFIB gains Hong Kong licence, names new CEO

Re/insurance broker RFIB Group has been approved to transact general insurance business in Hong Kong.   20 September 2019

Insurance

AI insurtech Betterview partners with Synpulse to improve P&C underwriting cycle

California-based artificial intelligence (AI) start-up Betterview, an insurtech platform provider for property transactions, has partnered with Zurich-based Synpulse to improve the property and casualty (P&C) underwriting process for insurers.   20 September 2019

Insurance

Charles Taylor agrees £261m deal to go private; firm says the offer was 'compelling'

Insurance services firm Charles Taylor has agreed to a "compelling" takeover deal by private equity firm Lovell Minnick Partners, which it hopes will deliver attractive returns to its shareholders.   19 September 2019

Insurance

Cayman-based Greenlight Re takes stake in digital managing general underwriter Coterie

Greenlight Re Innovations has acquired a stake in Coterie Applications, a digital managing general underwriter (MGU) focusing on the small and medium-sized enterprise commercial insurance market.   19 September 2019

Insurance

Finance firms 'quieter on Brexit' suggests planning mostly done: EY

As the number of financial services jobs and assets being relocated from the UK eases off, EY has suggested that this shows the sector is ready for Brexit.   19 September 2019

Insurance

Gallagher acquires Allied Insurance Brokers and Ascinsure Specialty Risk in the US

Broker Arthur J Gallagher has acquired Pennsylvania-based Allied Insurance Brokers and its subsidiary Ascinsure Specialty Risk.   19 September 2019

Insurance

Munich Re-backed commercial auto insurtech Inshur plans global expansion; hires Uber veteran to lead strategy

Munich Re-backed insurtech Inshur, a provider of commercial auto insurance for private hire drivers, has strengthened its leadership team to support its market expansion plans globally. The company currently operates in New York and the UK.   19 September 2019

Insurance

QBE North America appoints head of surety from Ironshore

Specialist insurer QBE North America has appointed Charles Cygal as head of surety.   19 September 2019

Insurance

Brit Re gets rating boost from AM Best; mulls reinsurance expansion in 2020

Ratings agency AM Best has assigned a financial strength rating of A (Excellent) with a ‘stable’ outlook to Brit Reinsurance (Bermuda), a wholly-owned subsidiary of specialty re/insurer Brit, reflecting a "very strong" balance sheet.   19 September 2019

Insurance

Accounting standard IFRS 17 highlights how low interest rates hurt insurers: S&P

Accounting standard IFRS 17 is more realistic and consistent than the standard it replaces, IFRS 4, and will show how lower interest rates are hurting insurers.   19 September 2019

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