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AIG will recognise an impairment charge of $210mn in connection with shutting down the InsurTech. -
Total funding for the quarter was $922mn, with US taking more than half of the deals.
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A roundup of recent InsurTech news through 30 April.
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Edward Creasy becomes executive chairman of Charles Taylor.
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McGill and Partners will introduce marine clients to the Colorado start-up.
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Munich Re has also temporarily stopped underwriting Jetty policies.
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Montemayor also sits on the board of the insurance-focused private equity fund Black Diamond.
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A record number of risks were placed on the platform last week, as companies continue trading remotely.
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He was previously a treaty reinsurance managing director at Aon.
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A roundup of InsurTech news from 24 March to 3 April.
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Anna Sagar ponders the need for cultural and commercial imperatives to coincide before e-trading can achieve greater prominence in the insurance sector.
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Key technologies such as artificial intelligence and machine learning will help drive savings and benefits in insurance and improve the interface between customers and insurers, says Shahid Safdar.
