Reinsurance
Planck Re, a Commercial Insurance Data Platform Startup, Raises $12M
Planck Re, a commercial insurance data platform startup, nailed down $12 million for its first formal financing. Arbor Ventures led the round, which also included Viola FinTech and Eight Roads. Plans ...
The Private Flood Insurance Market Grew Considerably in 2017
During 2017, the private flood insurance market expanded considerably with 50 new carriers. In total, insurers reported direct private flood insurance premiums written of $630 million—an increase ...
U.S. Flood Models Are Still in Their Infancy, So Underwriters Must Be ‘Cautious Consumers’
The market for privately written inland flood insurance in the United States is growing rapidly, but flood modeling is still in its infancy. As a result, underwriters need to be aware of the ...
Rebranded Liberty Mutual Re Starts in U.S. Marine Market and Debuts in Italy
Liberty Specialty Markets has rebranded its reinsurance division as Liberty Mutual Re, has begun writing marine business in the U.S. for the first time and is opening for business in Italy. Scott ...
Executives On The Move at Hamilton Insurance Group and Chubb
Hamilton Insurance Group named a new Group Head of Human Resources. Chubb promoted two executives in its overseas Global Energy arm. *** Hamilton Insurance Group appointed Daniel Fisher as Group Head ...
Zurich Insurance Extends Flood Resilience Alliance for 5 More Years
Zurich Insurance Group plans to extend its flood resilience alliance for a second five-year period, until 2023. The alliance, including non-profits, academia and Zurich's risk management experts, has ...
Swiss Re Launches Restrictive Coal Exposure Coverage Policy
Swiss Re has started a policy where it will not provide insurance or reinsurance to businesses with more than 30 percent thermal coal exposure. The policy, first announced in June 2017, is designed ...
Blockchain Is Technological Evolution That Will Create Insurance, Reinsurance Revolution: B3i’s Marke
Blockchain technology is moving out of the lab and into the insurance business. It's moving past the hype phase and is edging closer to providing real-life efficiency improvements for the industry. ...