Brit Launches Machine Learning Algorithm to Accelerate Catastrophe Claims Response September 21, 2021 Brit Ltd., the London-based specialty insurer and reinsurer, announced the creation and successful proof-of-concept launch of a proprietary machine-learning algorithm,...
MS Amlin AG Appoints Swiss Re’s Wiest as CEO, Stepping Into Role Vacated by Beazley September 21, 2021 Global reinsurer MS Amlin AG announced the appointment of Robert Wiest as chief executive officer. Wiest will take up the...
Insurtech bolttech Extends Funding Round to $210M, Adding 2 New Investors September 21, 2021 Insurtech startup bolttech announced the extension of its recently announced US$180 million Series A funding round led by Activant Capital...
People Moves: Acrisure Re Appoints 4; Amwins Global Risks Hires Beazley’s Hensman, Davies From Lloyd’s; Favre Joins SiriusPoint for Credit, Bond & Political Risk September 20, 2021 This edition of International People Moves covers appointments at Acrisure Re, Amwins Global Risks and SiriusPoint. A summary of these...
UK Insurers Cautiously Willing to Underwrite Fire Safety Risks for High-Rise Recladding Projects: Survey September 20, 2021 Insurers have revealed a cautious willingness to underwrite fire safety risks on new projects to remove defective cladding from high...
Insurtech Foxquilt Raises $8M to Expand Small Business Offering in U.S. and Canada September 20, 2021 Foxquilt, a Toronto-based insurtech, announced it has raised an $8 million financing round led by Luge Capital with participation from...
Speciality Re/Insurer Convex Launches European Subsidiary With A- Rating From S&P September 20, 2021 Convex Group Ltd. announced the launch of a Luxembourg-based European insurance entity, Convex Europe SA (CES). Convex received regulatory approval...
Italian Tycoons Seek Allies in Battle Over Choice of Generali’s Next CEO September 20, 2021 By Gianluca Semeraro and Claudia Cristoferi Two Italian tycoons who are leading investors in Generali are looking for allies after joining forces in a bid to...
Workers in London’s Financial Services Industry Are Returning to Their Desks in Droves September 20, 2021 By Harry Wilson and Tom Metcalf On the lower floors of HSBC Holdings Plc’s Canary Wharf headquarters, the desks are filling up. Traders, salespeople and close...
Fukushima Plant Officials Admit Failure to Probe Cause of Faulty Filters September 17, 2021 By Mari Yamaguchi TOKYO — Officials at Japan’s wrecked Fukushima nuclear power plant have acknowledged they neglected to investigate the cause of faulty...