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Devine-led Insureon gets $31mn capital injection for growth

Online insurance agency Insureon has secured $31mn in new funding led by financial technology (FinTech) venture capital fund Oak HC/FT, as it looks to continue on its growth trajectory in the small business sector.

David Bull, 21 October 2015
Lloyd’s to support China Taiping entry

Lloyd's and Hong Kong-listed carrier China Taiping have signed an agreement that will see the Corporation support Taiping Reinsurance Company to become a member of Lloyd's, as well as to establish a syndicate and a registered broker within the London market.

Mark Geoghegan, 21 October 2015
Mosquera joins Arch Re

Arch's reinsurance arm has added to its ranks with the hire of Paul Mosquera as senior international property underwriter, The Insurance Insider can reveal.

David Bull, 21 October 2015
Ace posts record $897mn Q3 operating profit

Ace mirrored its proposed acquisition Chubb as it too posted a record after-tax operating profit for the third quarter despite volatility in the forex markets.

Dan Ascher, 21 October 2015
Chubb comfortably beats but commercial rates flat in Q3

Chubb has followed rival Travelers with a comfortable operating earnings beat as it reported Q3 net income per share that was at an all-time high for any quarter in its history.

David Bull, 21 October 2015
RSG targets cyber push with CFC hire

Ryan Specialty Group (RSG) has hired Jamie Bouloux to lead its push into the cyber insurance market.

Dan Ascher, 20 October 2015
Retail cyber rates surge by 32% in H1: Marsh

Cyber coverage premium rates for buyers in the loss-struck retail sector increased by 32 percent on average in the first half of the year, compared to the same period in 2014, according to a new report from Marsh.

Dan Ascher, 20 October 2015
Patria Re and Pembroke secure Lloyd's SPS approval

Mexican reinsurer Patria Re and Ironshore's Lloyd's subsidiary Pembroke have secured in-principle approval from Lloyd's to establish a special purpose syndicate (SPS) for January 2016, The Insurance Insider has learned.

20 October 2015
Travelers beats forecasts as rating pressure grows

US insurer Travelers easily topped analyst expectations as it reported a 2.8 percent increase in third quarter operating income to $918mn

Adam McNestrie, 20 October 2015
ALM recruits new CEO for 2016

Chandon Bleackley has been lined up as the next CEO of the Association of Lloyd's Members (ALM).

Winifred Okocha, 20 October 2015

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