News
Insurance
Claims from typhoon Jebi have reached ¥585.10 billion ($5.17 billion), surpassing claims of Typhoon Mireille, the most expensive typhoon in Japan so far with ¥568.0 billion, according to the General Insurance Association of Japan (GIAJ). 26 November 2018
Insurance
The Association of British Insurers (ABI) is welcoming the prospect of a Brexit deal that includes a regulatory equivalence regime for financial services with the EU enabling mutual market access. 23 November 2018
Insurance
The blockchain insurance industry initiative B3i is finalising a funding round as it plans to target the commercial insurance market. 23 November 2018
Insurance
The UK’s decision to leave the EU creates some uncertainty for Gibraltar-domiciled insurers, AM Best has warned in a report. 22 November 2018
Insurance
Commercial insurance pricing increased for the fourth consecutive quarter in the third quarter of 2018 by more than 1 percent, driven by property and financial and professional lines, according to the most recent Global Insurance Market Index compiled by Marsh. 22 November 2018
Insurance
UK insurer Aviva is acquiring a majority stake in connected home insurer Neos Ventures, a London-based insurtech startup backed by Munich Re. 22 November 2018
Insurance
AM Best has assigned a Financial Strength Rating (FSR) of B (Fair) and a Long-Term Issuer Credit Rating (Long-Term ICR) of “bb+” to UK-based Folgate Insurance Company. The outlook assigned to these Credit Ratings (ratings) is stable. 22 November 2018
Insurance
Spanish re/insurer Mapfre is investing €25 million in Alma Mundi Insurtech Fund that focusses on startups in the insurance sector. 21 November 2018
Insurance
Mike Reynolds, CEO of JLT Re has stepped down from his position. 21 November 2018
Insurance
Italian insurer Generali wants to invest around €1 billion in internal strategic initiatives for innovation and digital transformation as part of its 2021 three-year strategic plan. 21 November 2018
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