Artificial Intelligence, IoT Startups Gaining in Global Insurtech Funding March 31, 2017 Investing in technology-oriented insurance ventures (insurtech) is clearly a global trend and almost half of all the money being poured...
XL Catlin Taps SCOR’s Ennadifi as Senior U/W, Structured Risk Solutions March 30, 2017 XL Catlin’s insurance operations announced the appointment of Isa Ennadifi as senior underwriter, Structured Risk Solutions (SRS). She is based...
Heist of $81M from Bangladesh Bank Blamed on ‘State-Sponsored Attack’ March 30, 2017 The heist of $81 million from the Bangladesh central bank’s account at the New York Federal Reserve last year was...
AIG Enhances Motor Fleet Claims Service, Harnessing Cloud-Based Technology March 30, 2017 AIG UK announced it has entered into a partnership with VUEcloud Ltd., a UK software technology provider to the commercial...
Superyacht Specialist Yachtpod to Underwrite on Castel’s MGA Platform March 30, 2017 Yachtpod Risk Partners has launched as an underwriting cell on the Castel Underwriting Agencies Ltd.’s MGA formation platform to offer...
Brussels Hopes to Lure Other Finance Firms After Its Success with Lloyd’s March 30, 2017 By Robert-Jan Bartunek Brussels expects to lure other financial players after convincing Lloyd’s of London, the world’s largest specialty insurance market, to make...
Lloyd’s Reports £2.1B ($2.6B) Profit for 2016, Unchanged from 2015 March 30, 2017 Lloyd’s reported 2016 pretax profit of £2.1 billion pounds ($2.6 billion), level with 2015, despite a worsening of the market’s...
Lloyd’s to Open EU Insurer in Brussels in Preparation for Brexit March 30, 2017 By L.S. Howard Lloyd’s, the specialist insurance and reinsurance market, announced it will set up a European insurance company in Brussels in preparation...
UK at Risk of Exiting EU on ‘WTO Terms,’ Thereby Opening Legal Minefield March 29, 2017 By Tom Miles Failure to strike a trade deal with the European Union by a two-year deadline would force Britain to adopt World...
Markel International’s Trade Credit Team Opens for Business in Canada March 29, 2017 Markel International, the specialist insurer and subsidiary of Markel Corp., is aiming to develop its trade credit and political risk...