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Ardonagh secures £1.9bn valuation as PE backers lift stakes
The £860mn equity value highlights the turnaround at the insurance group, led by CEO David Ross, since HPS’ initial 2015 buy-in.
Anna Sagar
,
21 May 2019
The money may no longer be easy but InsurTechs that can prove their worth still have funding opportunities
Is the easy money phase of InsurTech over?
Matthew Neill
,
21 May 2019
LSM hires AIG executive to steer new trade credit program
Paul Kunzer will become the head of a new trade credit multi-buyer and excess of loss operation after 19 years at AIG.
Anna Sagar
,
21 May 2019
MGM Resorts discloses $751mn in cover for shooting victims
A settlement over the October 2017 mass shooting could reach as high as $800mn, the casino firm said.
Bernard Goyder
,
21 May 2019
Safe Auto files for IPO
The digital-focused carrier has chosen Bank of America and Deutsche Bank as lead bookrunners
Bernard Goyder
,
20 May 2019
Connecticut commissioner seeks to create InsurTech hub
The state’s new insurance commissioner, a former journalist, wants the state to lead the nation in insurance tech start-ups.
Bernard Goyder
,
20 May 2019
Madison Dearborn and Apollo look like they are building ecosystems of connected companies
Last week, this title reported that private equity house Madison Dearborn is nearing the acquisition of Lloyd’s business Neon.
Adam McNestrie
,
20 May 2019
Claims InsurTech Snapsheet raises $29mn in Series E funding
The financing from backers including Nationwide and State Auto brings the Chicago-based InsurTech’s funding to date to $71mn.
Anna Sagar
,
20 May 2019
NBG CEO says Ethniki to be sold by 2020: report
The Greek bank is poised to begin new talks with prospective investors.
John Hewitt Jones
,
20 May 2019
Tokio Marine Holdings books $205mn loss from TMR sale
The Japanese carrier says loss derives mainly from an appreciation in the value of the yen since TMR’s launch in 2000.
Rachel Dalton
,
20 May 2019
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