Former Darag CEO Arndt Gossmann has been appointed to the management board of Russo-German insurer Sovag to assist the carrier's restructuring efforts.
San Francisco-based InsurTech start-up Bunker has secured a $6mn Series A funding round led by venture capital firm Omidyar Network, the company announced today.
Newly elected French president Emmanuel Macron purchased a financial indemnity policy from Allianz against a first-round disaster scenario of failing to capture more than 5 percent of the vote, according to leaked documents.
US bank Wells Fargo is mulling a sale of its insurance broking business in a deal which could net the bank around $2bn, The Insurance Insider understands.
