June 22, 2017
Blockchain, the London-based bitcoin currency service provider, has raised $40 million of fresh funding, representing one of the largest investment rounds in the financial technology sector since Britain’s vote to leave the European Union. New investors in the company, which …
June 22, 2017
The Hanover Insurance Group, Inc. and its subsidiary, Chaucer, announced that they will form a Dublin-based company, Chaucer Insurance Co. DAC (Chaucer Dublin), to write international specialty insurance business. The Central Bank of Ireland has approved the new venture. “Chaucer …
June 21, 2017
Afirm, an H.W. Kaufman Financial Group company specializing in loss control inspections, premium audits and risk mitigation services, announced its expansion to Montreal, Quebec. This marks Afirm’s initial presence in the Quebec province, building on its 30-year presence in the …
June 21, 2017
Sydney-based QBE announced that its Emerging Markets’ division has experienced “significantly higher than expected claims activity during the first five months of the year.” As a result, this division is expected to report a first half combined operating ratio of …
June 21, 2017
Ed, the London-based reinsurance, wholesale and specialty broker, announced the expansion of its professional and executive risks offering with five appointments. The team, led by Paul Richards, managing director, comprises: James Baird, director Neal Hughes, divisional director Rupert Alabaster, divisional …
June 21, 2017
Aviva, Britain’s biggest life insurer, is selling about 1 billion pounds ($1.3 billion) worth of bonds and shares it holds in tobacco companies, joining a global campaign to divest from the industry. The move by insurance companies to sell holdings …
June 21, 2017
Arthur J. Gallagher’s specialist Management Liability Practice has responded to the heightened risk of commercial crime facing SME businesses by creating tailor-made management liability and crime insurance products. The two products are targeted at UK private limited companies. Backed by …
June 21, 2017
Allianz SE, the German insurer that stemmed outflows at U.S. asset manager PIMCO, is now trying to bulk up on the other side of the world. “Asia is still a relatively small part of the overall global portfolio but it …
June 20, 2017
Hamilton Insurance Group, the Bermuda-based holding company for insurance and reinsurance operations in Bermuda, the U.S. and at Lloyd’s, has announced two senior role changes in its Bermuda operations. Keith Bernhard now holds the title of chief audit officer, reporting …
June 20, 2017
Chubb announced it has opened a new office in Reading, Berkshire, in the UK, and has appointed two key members to the local team, as it continues to build its local presence across the UK and Ireland. Mark Davison has …