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Lloyd’s-backed Coalition raises $175mn in fresh investment
The new funding round values the InsurTech at $1.75bn.
John Hewitt Jones
,
17 March 2021
Mosaic hires Willis’ transactional risk practice head
William Monat launched the broker’s transactional risk unit in Chicago and previously led two MGAs in the space.
Adam McNestrie
,
17 March 2021
AM Best signs up to UN’s sustainable insurance principles
AM Best has signed the United Nations Environment Programme’s (UNEP) Principles for Sustainable Insurance (PSI), becoming the first ratings agency to do so.
Rachel Dalton
,
17 March 2021
Nexus’ Xenia Broking Group acquires Status Credit
The transaction will complete in April and the business will be integrated into Credit Risk Solutions.
Anna Sagar
,
17 March 2021
Enstar completes sale of StarStone Lloyd’s operations to Inigo
The legacy carrier and Stone Point are to invest a combined $45mn in Richard Watson’s start-up.
Anna Sagar
,
17 March 2021
Aviation XoL rates to continue surge at 1.4 as market digests Boeing loss
Earlier clean aviation renewals had ~50% increases, and those with exposure to the $2bn loss paid much larger increases.
Anna Sagar
,
17 March 2021
Department of Justice concerns remain over Aon-Willis merger: report
According to the Capitol Forum, antitrust regulators will consider the deal's impact on the world’s fourth largest insurance broker AJ Gallagher
Bernard Goyder
,
16 March 2021
Cover Genius promotes Shapiro to COO for the Americas
The InsurTech has also hired Amir Massoudi as global chief revenue officer.
John Hewitt Jones
,
16 March 2021
Space rates to ‘remain strong’ for 2021: Elseco
Despite hardening rates, insurers are “very polarised” about entering the class, CEO Laurent Lemaire says.
Anna Sagar
,
16 March 2021
Solvency II review should ‘hold the extra-hot sauce’: PRA’s Woods
The CEO seeks to check the life sector’s hopes of a significant lowering of capital requirements.
Laura Board
,
16 March 2021
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