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Vesttoo raises $80mn in Series C funding and hits $1bn valuation

The company will use the funds to expand its global presence, enhance its marketplace platform and widen its offering.

Samuel Casey, 25 October 2022
FCA inspects big tech firms’ increasing potency across UK financial services

The regulator has set out how tech companies such as Amazon and Apple may expand in UK financial services through M&A and other means.

Marcel Le Gouais, 25 October 2022
Helvetia CEO Gmür to step down next year

Philipp Gmür joined Helvetia in 1993 and has held the role of group CEO since 2016.

Aisling Finn, 25 October 2022
Lloyd’s approves 16% stamp-capacity increase for Antares’ Syndicate 1274

The managing agency’s syndicate will see its stamp capacity increase to £360mn in 2023, from £310mn this year.

Aisling Finn, 25 October 2022
HDI Global Specialty names Wilcox director of delegated authority

The executive joined the carrier last year as underwriting manager for US delegated authority.

Samuel Casey, 25 October 2022
Flawed underwriting caused 60% stock drop, Argo investor suit claims

Argo Group has been sued by investors, who claim the company has engaged in inadequate underwriting and misrepresentation of facts which resulted in a 60% drop in the specialty carrier’s common stock value this year.

Kyoung-son Song, 25 October 2022
Hard market lessons and what has changed from the last turn

Cedants may find past behaviour coming back to haunt them, while brokers should be preparing in depth to achieve simplicity.

Fiona Robertson, 25 October 2022
Ascot founder Reith becomes chairman of InsurTech Artificial Labs

The entrepreneur will help shape and execute the strategic direction for the algorithmic underwriting specialist.

Marcel Le Gouais, 25 October 2022
NICB identifies nearly half a million claims related to Hurricane Ian

Nearly two-thirds of the Florida claims are homeowners and business claims (272,465), and the remaining are personal automobile claims (151,892).

Farhin Lilywala, 24 October 2022
SA Meacock CFO Ford and CRO Leigh to retire

As a result of the retirements of Nick Ford and Julian Leigh, SA Meacock & Company plans to tender capacity on its Syndicate 727 in the Lloyd’s capacity auctions.

Aisling Finn, 24 October 2022

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