United States of America (USA)
Aviva Ventures invests in US connected homes start-up
Aviva Ventures marks its first investment in the US market by leading a $10.4m series B investment into telematics company Roost.
Global Reinsurers feel the pressure in H1
Global reinsurers continue to feel the pinch of sustained pricing and earning pressure at the half year results, according to Fitch Ratings.
Blog: If Hurricane Andrew II hit Miami today
If a hurricane the strength of Andrew tracked through Miami today, losses would likely exceed $200bn ($155bn), almost twice what the insurance industry is prepared for, warns Karen Clark, co-founder of Karen Clark & Company.
Analysis: Aviation insurers prove adaptable
Insurers are adapting to aviation's latest trends, despite low premiums.
AIR estimates insured losses of $56bn if Hurricane Andrew were to strike again
AIR’s has estimated that if Hurricane Andrew were to recur today, the expected total industry insured losses would be approximately $56 billion (£43.48bn), based on today’s exposures.
Cytora to expand internationally following successful partnerships
Following a £2.4m investment provided by Parkwalk, Artificial Intelligence start-up Cytora has successfully partnered with three insurers, providing their services in the commercial space.
Analysis: Retirement villages, an infant market
Retirement villages are asking for group contents insurance but UK insurers are waiting for the market to mature.
BP Marsh: On the hunt for the next Besso
The last year has seen investment firm BP Marsh exit three of its largest investments; Besso, Trireme and the remaining portion of its stake in Hyperion. As a result of the sale, the company had a war chest of £29.9m and a deluge of enquiries from start…
Over $10bn of China economic losses in six weeks, says Aon Benfield
Aon Benfield's nat cat experts Impact Forecasting has recorded over $10bn of economic losses in China over a six week summer period following heavy flooding.
Lemonade expands to fourth state since launching
Lemonade has launched its Artificial Intelligence-driven insurance product in New Jersey, making the state the fourth that it has expanded into.
Kanye West sues Lloyd's syndicates for $10m over cancelled tour dates
Kanye West is suing numerous Lloyd’s syndicates for $10m over the artist’s cancelled tour.
Novae makes £14m loss before tax in H1
In its first set of results since being acquired by Axis, Novae has revealed that its combined operating ratio deteriorated 5.9% over the past year, from 95.7% to 101.6% in H1 2017.
Content director's comment: Does Elton John signal the end of the insurtech buzz?
As a younger music fan, nothing gave me a greater kick than finding a band on the bottom of a bill in a grimy venue that blew me away.
GDPR to boost UK cyber insurance take up, says Hiscox CEO
Incoming European data regulations will drive demand for cyber insurance in the UK, according to Hiscox’s CEO.
India's increasing use of employment law
No-one could have anticipated that Donald Trump’s election as president of the United States would lead to an increase in employment litigation in India, but that is precisely what has happened.
Gallagher posts 6% rise in H1 broking profit
AJ Gallagher posted a 6% rise in profit for its broking business in the first six months, compared to the same period last year.
JLT to make acquisitions in H2 2017
JLT is likely to make strategic acquisitions in the second half of 2017.
Lancashire profit up at $67m in H1
Property and casualty insurer Lancashire reported an 18% rise in first-half pre-tax profit thanks to a benign loss period.
JLT's profits jump 80% as business grows across all territories
JLT saw total revenue growth of 11% in H1 2017, up to £689.9m from £619.4m for the same period last year.
Allianz wins naming rights to Minnesota United stadium
Allianz Life Insurance Company of North America has signed a multi-year naming rights agreement with Minnesota United FC which will see the team’s stadium named “Allianz Field”.
Beazley's H1 profit up 6% thanks to speciality lines and investment gains
Lloyd's of London insurer Beazley reported a 6% rise in first-half pre-tax profit, thanks to growth in its US specialty lines business and investment gains.
Nexus enters US market with Zon Re deal
Specialty managing general agent Nexus Group has acquired US personal accident treaty reinsurance MGA Zon Re.
Reinsurance rates fall in June and July renewals
Reinsurance market pricing has maintained the downward trend seen at the January and April renewals, despite first quarter deterioration for many reinsurers’ results, according to Willis Re.
Reinsurance supply hits new high as capital tops $605bn in Q1
Global reinsurer capital stood at a peak level of $605bn at 31 March 2017, an increase of 2% from the end of 2016, according to Aon Benfield.