News

Insurance

Australian 2018 hailstorm insurance losses rise again to A$1.2bn, says ICA

Insurance losses from a hailstorm that hit suburban Sydney and regional communities in New South Wales on 20 December 2018 have grown to A$1.271 billion (US$915 million), the latest figures from the Insurance Council of Australia (ICA) have revealed.   18 April 2019

Insurance

Liberty promotes Silvestre to deputy manager for France

Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, has promoted Emmanuel Silvestre to deputy general manager of its French operation.   18 April 2019

Insurance

BIBA appoints TMK's Alastair Blundell as first general insurance head

The British Insurance Brokers’ Association (BIBA) has appointed Alastair Blundell, formerly head of distribution at Tokio Marine Kiln Group, to a new position of head of general insurance.   17 April 2019

Insurance

Everest Re's Brexit subsidiary launches UK branch in expansion move

Everest Insurance Ireland, dac (EIID), the Dublin-based subsidiary of Everest Re Group, is opening a new branch office in the UK to expand its international capabilities.   16 April 2019

Alternative Risk Transfer

S&P predicts ‘stable to gradual increases’ in European run-off market

S&P has predicted “stable to gradually increasing activity” in the European property casualty run-off market in a report.   15 April 2019

Insurance

Ditch Voce proxy ballot cards, urges Argo ahead of 2019 AGM

Argo has urged its shareholders to ignore voting cards and information they may have received from activist investor Voce Capital Management that could be used to vote out board members and replace them with Voce nominees.   12 April 2019

Insurance

Lemonade raises $300m funding to fuel expansion; SoftBank, Allianz, Google Ventures among investors

AI-powered insurtech company Lemonade has secured $300 million in Series D funding round led by Japanese conglomerate SoftBank Group, with participation from Allianz, General Catalyst, GV (Google Ventures - the venture capital investment arm of Alphabet), OurCrowd, and Thrive Capital.   12 April 2019

Insurance

Italy's Generali to invest €1bn in new asset management company ThreeSixty Investments

Italian insurer Generali Group is creating a new asset management company, called ThreeSixty Investments, with an investment of €1 billion in the first fund as strategic capital.   11 April 2019

Insurance

Zurich, CoverWallet expand SME insurance platform in Europe following "exceptional results"

Zurich Insurance Group and insurtech start-up CoverWallet have expanded their insurance platform for small and medium-enterprise (SMEs) to Switzerland — the second European country after Spain to implement the innovative model.   11 April 2019

Insurance

Zurich hires Aon's Marco Royer as new head of liability in Canada

Zurich Insurance Group has appointed Marco Royer as new head of liability for Zurich Canada, with effect from July 1.   11 April 2019

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