News
Tractable launch automated damage estimating technology
Following its partnership with Ageas, Tractable has developed an artificial intelligence-driven damage repair estimation technology.
Commercial vehicle specialist Tradewise secures £20m investment from Harwood Private Equity
Tradewise Insurance Group has secured a £20m investment deal with Harwood Private Equity.
Beazley appoints Nationwide chair David Roberts to lead board
Lloyd’s of London insurer Beazley has appointed top banking executive David Roberts as its new chairman.
Homelyfe closes £2.4m funding round
Homelyfe has completed a £2.4m seed round led by Talis Capital and Peterson Ventures.
Final loss estimate for Italian October earthquakes pegged at £185.8m
Perils has updated its loss estimate for Italy’s October earthquakes from €125m (£111.7m) to €208m (£185.8m).
International: Trade credit demand is up
European political instability and financial regulations are pushing demand for trade credit cover, especially from banks that are keen on optimising their capital.
Markel takes $360m hit in Q3; reinsurance arm's COR at 183%
Global reinsurer made a $360m (£271m) pre-tax loss in the third quarter of 2017 compared with a $119m pre-tax profit in Q3 2016.
QBE Ventures invests into Risk Genius
QBE's insurtech investment fund QBE Ventures has invested in insurance policy machine learning firm Risk Genius.
Nexus Group marks fourth acquisition with Credit Risk Solutions
Independent managing general agent Nexus Group today acquired Credit Risk Solutions to improve its growth strategy.
Markerstudy to merge retail and affinity divisions
Markerstudy is set to merge its Affinity Division with Markerstudy Retail from 1 November.
Insurance Linx acquires Nelson Insurance Brokers
Insurance Linx has acquired Swadlincote-based Nelson Insurance Brokers.
Insurers back fire chiefs' calls for mandatory school sprinklers
Insurers have backed calls from the National Fire Chiefs Council to fit all refurbished schools with sprinklers.
Direct Line appoints Claire Sadler as marketing director
Direct Line for Business has appointed Claire Sadler as marketing director.
Brit expands US offering with senior cyber hire
Brit has appointed Courtney Mocio as vice president, cyber and technology at Brit Global Specialty USA.
XL Catlin falls to $1bn Q3 loss with 146.9% P&C COR
As expected global reinsurer XL Catlin's third quarter 2017 financial results were hit significantly by the recent significant natural catastrophes in the US, Caribbean and Mexico.
Swiss Re estimates $3.6bn of Q3 natural disaster costs
Global reinsurance giant Swiss Re has estimated its combined claims payouts in the third quarter from hurricanes Harvey, Irma and Maria and the earthquakes in Mexico will be around $3.6bn (£2.75bn).
Insurtech association established in Australia
An industry association has been created in Australia to help start-ups and insurance firms innovate within insurance.
Analysis: How the industry learnt from the 1987 Great Storm
A look back at how disaster claims have moved on
Sector must improve insurance role for commercial mid-market: Weil
The insurance sector needs to improve the role of insurance cover in mitigating risks for clients in the commercial mid-market, Mark Weil, CEO of Marsh UK and Ireland has said.
Social engineering causing nine times more data breaches in 2017
Insurance customers reported nine times more cases of social engineering as the major causes of data breaches in 2017 than in the previous year.
Lloyd’s market and international consolidation in the cross hairs at BP Marsh
BP Marsh has affirmed its confidence in the Lloyd’s and London insurance market as target growth area as the sector investor looks to diversify its book with overseas business.
Jelf-Bluefin integration running ‘ahead of plan’, says Weil
Exclusive: The integration of Marsh’s Jelf and Bluefin brands is running ahead of schedule, CEO Mark Weil told Post.
Start-up Insurdata raises over $1m in seed financing
Insurtech start-up Insurdata has raised over $1m (£0.76m) in seed financing from investors including Menlo Ventures, Anthemis Baloise Strategic Ventures and Plug and Play.
AIG's Spaan: "It only gets faster from here"
Speaking at Hong Kong Fintech Week, Rudi Spaan, president and CEO, Hong Kong and head of country for Greater China and Australasia, at AIG said "don't wait" to innovate.