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The Bermuda-based InsurTech will deploy a combination of its own and rated paper capital.
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Openly completed its first significant catastrophe excess of loss placement, with a diverse panel of reinsurers across London, Bermuda and the US.
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Amid concerns around increased digitalisation in the insurance sector, the PRA will soon publish a discussion paper on new measures.
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Lloyd’s announced back in March that it had appointed Schroders Solutions as a partner for its new investment platform.
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The InsurTech (pronounced Signus) provides clients with the ability to securely connect and collaborate with brokers, insurers, vendors and policyholders.
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The product will provide construction all risk and operational all risk coverage, backed by AI-powered data and analytics.
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Marine and energy-focused MGA Thomas Miller Specialty has partnered with Send Technology Solutions to streamline and automate its operations using the InsurTech’s software.
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Gallagher Re’s Global InsurTech report showed that more capital is being channelled into earlier-stage funding rounds.
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Mulsanne must pay £1mn to Marshmallow in the next two weeks, with the remaining balance subject to a cost assessment process.
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With the Lloyd’s Lab in its fourth year and poised to welcome cohort eight to its incubator, Insurance Insider examines its impact so far.
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The incoming UK and Europe head, with more than 20 years' experience, was most recently was head of M&A at Canopius.
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The US firm is looking at expanding across Australia, Canada and the UK after securing new investment.