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Arch taps ILS market for $374.5mn in mortgage cover

Arch Capital’s mortgage insurance unit has closed another reinsurance deal with Bellemeade Re, the reinsurance structure it acquired from AIG with United Guaranty at the start of last year.

Ted Bunker, 19 April 2018
Cooley bulks up East Coast InsurTech legal practice

Cooley has added a team of East Coast lawyers to the Silicon Valley law firm’s practice focused on insurance, reinsurance and InsurTech ventures.

Laura Sanicola, 19 April 2018
Generali agrees to $669mn Belgian unit sale to Athora

Generali took another step toward narrowing its focus with a EUR540mn ($669.6mn) agreement to sell its Belgian business to Apollo Global Management-backed life specialist Athora Holdings.

Ted Bunker, 19 April 2018
Ardonagh Group adjusted Ebitda surges 20% in 2017

The Ardonagh Group has posted pro-forma adjusted Ebitda growth of 20.3 percent to £161.5mn ($230mn) for 2017.

Catrin Shi, 19 April 2018
Swiss Re chairman predicts sharing economy will halve premiums

Walter Kielholz says the advent of self-driving cars will transform the role of insurers.

Charlie Thomas, 19 April 2018
RLI beats estimates to begin Q1 P&C earnings season

RLI kicked off the US industry's first quarter earnings season with results that handily beat Wall Street estimates.

Ted Bunker, 19 April 2018
CoverFox raises $22mn in World Bank-backed VC round

Indian digital insurance broker CoverFox has raised $22mn in a funding round led by the World Bank’s International Finance Corporation and US life insurer Transamerica.

Bernard Goyder, 19 April 2018
Ex-PICC president pleads guilty to graft: report

Wang Yincheng has reportedly pleaded guilty to corruption in the same week the former head of the defunct Chinese insurance regulator was charged with graft.

Bernard Goyder, 19 April 2018
For the insurance sector, as for everyone, social media activity can also backfire

JD Wetherspoon chairman and founder Tim Martin is a career contrarian.

Laura Board, 19 April 2018
Diamond market turns to blockchain to help price risk

A blockhain collaboration between Everledger and Diamond Durability Laboratory allows underwriters to see data on the gems they are insuring.

Bernard Goyder, 18 April 2018

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