Europe
Ardonagh boss joins Nexus group
Marc van der Veer has joined Nexus Group as CEO of European Ventures.
Zego raises $42m in latest funding round
Zego has raised $42m (£33.52m) in a series B funding round led by Target Global, to fund its European expansion.
Fidelis investor takes majority stake in April
Private equity investor Andromeda has gained regulatory approval to take a majority stake in French health insurer April, which saw its UK arm pull out from the private medical market last year.
Elite shoots for solvent scheme to avoid liquidation
Elite Insurance has proposed a solvent scheme of arrangement, in order to avoid a liquidator being appointed.
Insurtech UK gets government backing
The government has agreed to promote the country's emerging insurtech scene as part of its overseas trade arrangements.
Lemonade launches in Germany
New York-based insurtech Lemonade has launched in Germany.
Lemonade begins hiring for potential Europe expansion
Exclusive: US-based insurtech Lemonade is looking to hire staff in a Europe office in Amsterdam, marking a potential international expansion for the firm.
Generali boss named vice-president of Insurance Europe
Generali general manager Frédéric de Courtois has been appointed vice-president of Insurance Europe and will serve a three-year term in the role.
Blog: The claims challenge for intelligent cars
Rick Preston, head of the intelligence team at insurance fraud law firm, Horwich Farrelly, looks at the claims challenges the sector could face as the next generation of ‘intelligent cars’ hit the road.
Gibraltar legal expenses insurer declares insolvency
Gibraltar-based unrated insurer Lamp has submitted an application to place the business into liquidation.
Analysis: Are AI solutions being used to mitigate risks?
In the commercial space, artificial intelligence has the potential to enable an insurer to get all the information it needs to write a risk in a matter of hours and support customers’ risk management activity, but only if it is deployed appropriately
CBL Corporation placed into liquidation
The New Zealand high court has placed CBL Corporation into liquidation.
Clyde & Co establishes presence in Dublin ahead of Brexit
Clyde & Co has opened an office in Dublin to ensure its Irish law insurance practice can continue to operate seamlessly as the UK leaves the EU.
Analysis: Consolidators look to Europe for acquisitions as UK competition grows
The UK has seen a wave of consolidation in regional broking over the past few years, making competition for viable targets a challenge. In response, several consolidators are starting to look to Ireland and Europe as a potential area of expansion.
AIG Europe posts profit of £59.5m despite a fall in premiums
AIG Europe has reported a profit before tax of £59.5m for the 12 months to 30 November 2018, up from a loss of £431.5m the previous year.
Former Cunningham Lindsey boss Pigot joins McLarens
McLarens has appointed David Pigot to the newly created role of director of London Markets and global head of specialty.
Scor shareholders reject CIAM’s proposed resolutions
Scor's shareholders express their opposition to the “destabilisation” attempt led by the activist fund CIAM.
Cytora becomes UK's best funded insurtech with £25m Series B raise
Cytora, a provider of artificial intelligence-powered solutions for the commercial insurance sector, today announced the largest funding round by a UK-based insurtech in 2019 as it looks to expand its product suite and enter new territories including the…
Trade credit claims mount as UK tops global insolvency forecasts
Trade credit insurer Atradius has forecast that global insolvencies are set to rise for the first time in 10 years, with the UK facing the highest increase of all advanced markets.
Lemonade raises $300m in latest funding round
US-based insurtech Lemonade has raised $300m in a Series D round, bringing its total funding to date to $480m.
Global floods cause $8bn damage in March alone
An estimated $8bn (£6.1bn) of damage was caused by floods around the world in March 2019, according to an Aon catastrophe report.
Blog: Why equine and livestock risks could cause insurers to lose more than their shirts
The outbreak of equine flu across the UK during January and February grabbed the headlines but, despite this, it was always unlikely to be a major concern for equine insurers, argues Graham Plaister, livestock and equine specialist at Sedgwick…
Speed limiters in cars 'could create insurance gap'
Exclusive: The government should close legal loopholes which could prevent owners of vehicles installed with mandatory speed limiters from claiming on their motor insurance, lawyers have warned.
McLarens appoints Graham Smart and Steven Wallace to new leadership roles
Steven Wallace has been appointed managing director for UK & Ireland, replacing Graham Smart who will take on the role of chief commercial officer for the wider group.