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Integro contingency specialist joins EC3 Brokers

Colin Man, a senior contingency broker, has left Integro Group to join EC3 Brokers, according to market sources.

Bernard Goyder, 18 July 2017
InsurTech funding plunges in Q1: Startupbootcamp

The total level of InsurTech funding fell by almost two-thirds in the first quarter of the year, interrupting a general upward trend in the sector, according to PwC and Startupbootcamp.

Matthew Neill, 18 July 2017
InsurTech start-up InsureX ICO hacked

Blockchain-based InsurTech start-up InsureX abruptly halted its initial coin offering (ICO) last week amid concerns that the process had come under attack from fraudsters.

Matthew Neill, 18 July 2017
PRA begins scrutiny of Brexit planning

The Prudential Regulation Authority (PRA) will spend the summer working through reams of submissions from financial services firms following last Friday's (14 July) deadline for sharing their Brexit contingency planning.

Laura Board, 18 July 2017
Lloyd’s cyber report highlights vast insurance gap

As little as 7 percent of economic losses could be covered by insurance after a global cyber attack, according to new modelled scenarios from Lloyd's and cyber modelling and analytics firm Cyence.

Catrin Shi, 18 July 2017
European regulator threatens Brexit cessions limit

Lloyd's and UK carriers looking to establish EU subsidiaries post-Brexit face a limit on the amount of business they can reinsure out of their new units, following an intervention from the EU insurance regulator.

Laura Board, 18 July 2017
Probitas pursues $1bn capacity goal

Ash Bathia's start-up Probitas is still pushing to become a $1bn Lloyd's business, and believes its potential new investor Saudi Re will keep it on course to achieve that goal.

Charlie Thomas, 18 July 2017
Beat Capital gives MGA wave further impetus

The tide of London-based MGA start-ups shows no sign of slowing, with Tom Milligan's venture capital launch providing yet another platform for entrepreneurial types to grab their piece of the London market.

Catrin Shi, 18 July 2017
Lockton seeks to capitalise on carrier fees backlash

Lockton International has sought to burnish its credentials as a partner to London market carriers by pointing to its lack of market-derived income.

Adam McNestrie, 18 July 2017
Alesco hit by energy defections

A number of key energy brokers have tendered their resignations at AJ Gallagher's energy-focused London market wholesale arm Alesco, The Insurance Insider can reveal.

Adam McNestrie, 18 July 2017

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