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.
Japanese tech-to-financial conglomerate SoftBank is exploring the possibility of taking a $10bn stake in reinsurer Swiss Re, reports suggest.
Randall and Quilter has completed a deal to become the capital backer of Syndicate 3334’s 2014 and prior years of account.
Swiss Re has completed its 2017 public share buy-back programme.
Brit has expanded the capacity of its fully collateralised reinsurance sidecar Versutus, which now has invested capital of $187m.
Reinsurance renewal rates were beaten down on 1 January by alternative capital markets, Aon Benfield’s CEO said, warning they are poised to be a major disrupter against traditional reinsurance in future.
Lloyd's and the London market are trying to win back their market shares in Asia, as the region is experiencing the world's most dynamic growth for the insurance industry.
Natural catastrophe losses saw Munich Re’s property-casualty reinsurance segment report a €476m (£422.7m) loss for 2017.
The year started with an executive merry-go-round but this week proved that less senior people were also liable to redundancy, as it was revealed that a total of 480 jobs are at risk as a result of the LV/Allianz deal.
XL Catlin has reported a 58.7% increase in its loss in underwriting profit of across its property and casualty business during Q4 2017 compared to 58% in the same period during the previous year.
Marsh and McLennan Companies has reported a 6% boost in full year revenue.
Reinsurers led the way in insurtech investment during Q4 2017, directly and through their corporate venture arms.
A rapid growth in cyber threats has posed a challenge to the industry in acquiring claims data, the International Underwriting Association has warned.
I started this year in style watching the fireworks over Sleeping Beauty’s castle at Disneyland Paris. Looking at January’s headlines the insurance industry has also started this year with a bang.
I'm not sure who was more excited about technology in our house this week, my son discovered that virtual pets in the form of Tamagotchi are making a comeback in the UK this year while I learnt a bar has opened where robots make you cocktails.
Aspen expects to post a $245m underwriting loss in the fourth quarter of 2017.
Trade credit insurers expect to pay £31m to help businesses recover following the collapse of construction giant Carillion, according to figures from the Association of British Insurers.
After five consecutive years of falling rates, global property-catastrophe reinsurance experienced upward pricing pressure at 1 January renewals.
Global (re)insurer Axis has set-up a global underwriting and analytics division.
AIG has unveiled plans to acquire Validus Holdings for $5.56bn.
There may be several Blockchain prototypes available for companies to choose from at present but there will be a "narrowing" in terms of successful models later on, a consultant said.
Axis Capital estimates it will take a $130m hit as a result of fourth quarter catastrophe and weather-related losses.
The value of the global non-life discontinued business market exceeds $700bn, according to research from PWC.
Losses from a single cyber attack could see the industry fork out more than a major loss natural catastrophe like Hurricane Katrina.