Somerset Re increased its common share capitalisation to $375mn following investments by several strategic investors, including German reinsurer Hannover Re, the Bermuda-based company said
The Caribbean Catastrophe Risk Insurance Facility (CCRIF) has now completed payments totalling $29mn to member governments affected by Hurricane Matthew
Major industry players Aegon, Allianz, Munich Re, Swiss Re and Zurich have launched an initiative to explore the potential use of blockchain technology in insurance.
