Arch Insurance (UK) Limited (Arch) continues to extend its division through acquisitions. Having acquired Axiom Underwriting on 1 April, Arch has now also completed the acquisition of specialist underwriting agency Obelisk Underwriting.
Foresight, which manages investment funds on behalf of institutions, has invested in Northern Ireland-based private healthcare company 3fivetwo Group. An investment of £5 million was made via a new fund that is managed by Foresight in partnership with capital market company 57 Stars.
A recent report published by Ernst & Young LLP (EY) and InsurTechNZ has highlighted that insurtechs in New Zealand are having to form partnerships with other startups, or else plan overseas expansion due to the apathetic reception of local insurers.
Horwich Farrelly has highlighted the importance of striking the right balance between quickly settling claims and investigating potentially fraudulent activity.
After feedback from travellers revealed a need for flexible insurance cover, travel insurance provider Cover-More launched Cancel-For-Any-reason (CFAR) as a policy add-on, which has proved extremely popular with Australians.
Lloyd’s of London has announced wide-ranging plans to deal with an epidemic of sexual harassment, as well as rampant alcohol and drug use.
Global assistance, risk and claims management provider CEGA and Millstream Underwriting have announced a new partnership, which will enable the provision of CEGA’s new automated medical screening tool, Antidote, to Millstream’s high-net-worth and other travel insurance customers.
Fintech Breakthrough has named its 2019 Fintech Breakthrough Awards winners, including those making waves in the insurtech space.
A public health emergency has been declared in New York in the US due to a growing outbreak of measles.