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Insurtech Hippo secures $100m to fund expansion; targets 80% coverage of US
Insurance
Hippo, a California-based insurtech focused on the home insurance market, has secured $100 million Series D funding to fuel expansion of its footprint in the US.   25 July 2019
Australia's PSC Insurance to acquire Lloyd's broker Paragon for an estimated £42m
Insurance
Australian broker PSC Insurance Group is acquiring 100 percent of the share capital of Lloyd’s and London Market broker Paragon International Holdings for a base consideration of £42 million (approximately A$75 million).   25 July 2019
AIG appoints Waldner as first chief sustainability officer to lead strategy
Insurance
American International Group (AIG) has created a position of chief sustainability officer to lead the development and implementation of a company-wide sustainability strategy.   25 July 2019
Insurance
Florida-based MGAguard, a new technology-enabled platform for specialty insurance underwriting, has commenced operations targeting the hospitality and taverns industry.   25 July 2019
Insurance
As Boris Johnson was confirmed as the new British Prime Minister, after Conservative party members chose their leader yesterday, many commentators pointed to the immense challenges he has ahead, not least his wafer thin majority in Parliament.   24 July 2019
Insurance
Specialist insurer Hiscox has developed a new insurance cover for ships seized by a foreign government, in response to what it sees as a growing threat amid heightened political tension globally.   24 July 2019
Insurance
US-based specialty insurance brokerage Alliant has expanded its New York-based property and casualty team with the addition of Thomas Clark as senior vice president.   24 July 2019
Insurance
Property/casualty insurer Kingstone Companies has announced that its chief executive officer Dale Thatcher is stepping down for personal reasons.   24 July 2019
Insurance
AXA Partners has entered into a long term travel insurance partnership with Monzo to expand its proposition in the challenger bank space.   24 July 2019
Insurance
Specialty insurance group Tokio Marine HCC has formed a new cyber & professional lines group, led by Richard Robin as president.   24 July 2019

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