News

Insurance

AI-powered insurtech omni:us secures $22.5m investment

Berlin-based artificial intelligence (AI) powered insurtech start-up omni:us has closed its Series A funding round and secured a total investment of $22.5 million.   30 October 2018

Insurance

Growth in the global economy to slow to 3.1 percent

MAPFRE Economic Research predicts faster growth returning in 2021.   31 January 2020

Insurance

Altamont Capital Partners invests in MGA

Private investment firm Altamont Capital Partners (ACP) has made a majority equity investment in Access Holdco Management, an insurance managing general agency (MGA) focused on the non-standard auto market.   20 January 2016

Insurance

Hurricane Irma losses to exceed Assurant’s retention

Assurant said on Sept. 11 that it expects pre-tax losses from Hurricane Irma to exceed its retention of $125 million pre-tax but that they will remain within the company’s comprehensive reinsurance program.   12 September 2017

Insurance

Integro acquires London MGA

Broker Integro has strengthened its entertainment practice with the acquisition of London-based managing general agent (MGA) Entertainment Risk Management (ERM).   26 August 2015

Insurance

QBE gets green light for post-Brexit plans

Re/insurer QBE has announced that its post-Brexit restructuring plans were heard at the High Court, ensuring continuity of service for its customers across the European Union.   10 September 2018

Insurance

Lloyd’s had worst year since 1990s: Stonybrook

Against a backdrop of high expense ratios, attritional losses and underperforming business, the Lloyd’s market had its worst year in 2017 since the 1990s, according to Stonybook Capital’s first edition ‘Property & Casualty Insurance Review’.   10 September 2018

Insurance

Willis Towers Watson swoops on Marsh financial institutions trio for Canada expansion

Broker Willis Towers Watson has recruited three senior executives from Marsh & McLennan to lead its expansion into the Canadian financial institutions (FI) market.   18 July 2019

Insurance

Ascent increases limits on medical billings tool

Ascent Underwriting, a managing general agent (MGA) specialising in emerging and professional risks, has made changes to its medical billings errors and omissions product and increased limit availability to $5 million.   23 July 2014

Insurance

Property-casualty premiums rise sharply at Munich Re

‘We now expect to surpass our initial profit and revenue targets overall for 2019’.   7 November 2019

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