United States of America (USA)
Cloud-based insurtech eyes up US MGA market following €2.2m funding round
Cloud-based insurtech platform Insly has raised €2.2m led by venture capital firms Concentric and Black Pearls.
Lloyd’s positive on ILS cover for Central Fund
Capital from Insurance Linked Securities could be used to back the Lloyd’s Central Fund as early as next year, the market’s chief financial officer has said.
Underlying performance needs to improve, says Lloyd’s CFO
The underlying underwriting performance of Lloyd’s syndicates needs to improve following the market's first loss in six years, John Parry has said.
Munich Re to cut 900 jobs as reinsurer targets profits surge in 2018
Munich Re is to axe 900 jobs as part of cost saving efforts in its reinsurance business.
Zurich’s Thomas Liebi on the spectre of inflation
After the stock exchange jolts earlier this month, Thomas Liebi, head of US & UK market strategy at Zurich, analyses whether inflation fears are justified.
Loss adjusting and insurtech gains fail to stem Charles Taylor profit decline at full year
Well-publicised gains in Charles Taylor’s loss adjusting and insurtech arms saw revenues jump 25% in 2017 but failed to push the insurance services provider to profit.
Axa-XL deal puts both insurers' ratings under review
The major rating agencies have unanimously taken rating actions on both Axa and XL Group following the recent announcement that the French insurance giant is looking to acquire 100% of the specialty insurer.
Fight against hackers is like 'Cold War on steroids'
The cyber security and insurance industries are focusing too much on products and neglecting the human factor that is at play in 95% of data breaches, a conference heard.
Axa can do what Catlin could not: XL CEO
An XL Group under Axa would provide the Bermuda-based specialty insurer with the scale and competitive edge that it failed to achieve from the landmark Catlin acquisition, XL’s CEO said.
Blog: Your move Allianz - impact of Axa/XL deal on P&C market worldwide
The news that Axa is to spend $15.3bn (£11.1bn) to acquire XL Group will certainly get the insurance boards around the world chattering.
Axa to buy XL for $15.3bn
Axa has entered an agreement to acquire 100% of XL Group for $15.3bn (£11.1bn).
Analysis: Women-friendly travel policies: Fair for females
As conversations around the gender pay gap or harassment at work illustrate, an increasing number of women are demanding a fairer deal. But will this extend to their insurance?
Hiscox to grow retail business by 15% in 2018
Exclusive: Hiscox is looking to grow its retail arm between 5% and 15% over 2018 Hiscox is looking to grow its retail arm between 5% and 15% in 2018 as the group's profits slumped by over £300m due to natural catastrophe losses .
Go Compare snaps up former Facebook director
Go Compare Group has named Silicon Valley tech executive Joe Hurd as an independent non-executive director with effect.
North Korea, Brexit and trade protectionism top 2018 political risks list
The North Korea missile crisis, Brexit negotiations, and trade protectionism are among the top political risks threatening multinational businesses in 2018, according to Marsh.
Buzzvault announces long-term growth plans following Munich Re tie-up
Exclusive: Buzzvault Insurance has entered a five year strategic partnership with Munich Re Digital Partners with plans of releasing products to market by Q3 2018.
Slice to launch on demand products in Q2 following partnership with Legal & General
US on demand insurtech firm Slice has said that its on demand home sharing insurance products will be available by Q2 this year, following its partnership with Legal and General.
FCA signs agreement with US regulator to promote insurtech innovation
The Financial Conduct Authority has signed an arrangement with the US Commodity Futures Trading Commission to support each other’s insurtech initiatives, Lab CFTC and FCA Innovate.
Brit sees major losses of $250m
Brit saw its combined ratio rise to 112.4% last year following major loss claims of $250m (£177.8m).
Blog: Mystery deepens as founder and funder of peer-to-peer insurtech Hey Guevara deny knowledge of relaunch
You can never keep a good revolutionary down.
Nat cats push Lancashire into loss at full year
Lloyd’s insurer Lancashire reported a net loss of $71.1m (£50.5m) for 2017 as fourth quarter natural catastrophes took their toll on its bottom line.
Kanye West settles lawsuit against Lloyd’s syndicates
Kanye West has settled his lawsuit against Lloyd's of London syndicates.
Axis reports GWP boost despite underwriting loss
Axis Capital's insurance segment saw fourth quarter gross written premiums increase 47%, bolstered by the group’s acquisition of London market carrier Novae.
Nexus snaps up Apsley Specialty
Nexus Group has acquired Lloyd's coverholder Apsley Specialty.