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The company said Ki is the first algorithmic underwriter to offer capacity from multiple syndicates. -
The additional investment makes this the largest ever Series B round for an InsurTech, according to the firm.
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The capacity deal is slated for deals with 10/1 effective dates and beyond.
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A Delaware judge has ruled in favour of Vesttoo’s automatic stay in the bankruptcy case.
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Ola Jacob's role at Descartes will focus on expanding the firm's parametric insurance offering in the London market to corporates exposed to climate risks across the globe.
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The company also said that it has secured the replacement of all reinsurance on its ongoing portfolio of business through third-party reinsurers and an affiliated reinsurer.
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Melissa Collett served as executive director for professional standards at the CII, where she spearheaded the Digital Ethics Companion.
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Renew Risk will be hiring cat modellers and climate scientists, as it expands its proposition to help insurers understand the risks of insuring renewable energy infrastructure.
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The Aon unit noted 37 LOCs “purportedly procured by China Construction Bank (CCB), Banco Santander and Standard Chartered Bank US”.
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Digital transformation top of boardroom agenda, according to Cytora CEO Richard Hartley.
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The company's Ebitda for 2022 was estimated at $60mn compared to $20mn in 2021.
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Both organizations have agreed for the appointment of a liquidator for Vesttoo transaction structures at the Supreme Court of Bermuda.
