Reinsurance - FinTecBuzz

Verisk named One of the UK’s Best Workplaces in Tech™ for 3rd Year

September 14, 20234 min

For the third consecutive year, data analytics and technology provider Verisk (Nasdaq: VRSK) has been named one of the UK’s Best Workplaces in Tech™. The Best Workplaces in Tech™️ list celebrates companies adept at developing dynamic, collaborative cultures that serve as a catalyst for innovation and personal growth for all. Lee Shavel, Verisk president and CEO said: “Insurance is a uniquely communal industry that helps individuals, businesses and communities effectively manage risks and aid in recovery when devastation occurs....

by BusinessWire

Insurance

Lockton Re expands CyberCube partnership with IED

August 1, 20234 min

Lockton Re, the reinsurance business of the world’s largest privately held independent insurance broker is expanding its partnership with cyber risk analytics leader CyberCube by licensing CyberCube’s Industry Exposure Databases. CyberCube’s Industry Exposure Databases were launched in October 2022 to enable (re)insurers and brokers to perform a wide array of benchmarking, sensitivity, and real-time analyses for cyber risks. They provide a foundation for cyber risk models and include CyberCube’s Economic Exposure Database (EED) and Industry Exposure Database...

by PRNewswire

Insurance

Nayms issues crypto-denominated Industry Loss Warranty (ILW)

July 7, 20235 min

Nayms SAC Ltd., the leading crypto-native insurance marketplace, is proud to announce the issuing of the world’s first crypto-denominated industry loss warranty (ILW) through the second segregated account or ‘cell’ within its marketplace. This type of instrument is index-based and used for providing retrocessional reinsurance protection to property reinsurers. In this program, Nayms provides coverage for US named windstorm, attaching above a loss trigger of $60 billion. The basic structure aligns with other ILWs, but Nayms innovates on...

by PRNewswire

Insurance

Senior Market Sales® Acquires The ASA Group

July 6, 20236 min

Partnership Also Marks SMS’ Entry Into the Life Settlement Market as Interest Grows Senior Market Sales® (SMS), one of the industry’s premier insurance marketing organizations (IMOs), has acquired The ASA Group, a Little Rock, Arkansas, brokerage general agency serving insurance and financial planning professionals across the country for more than four decades. “The ASA Group is an outstanding fit as SMS expands our acquisitions to include life insurance and annuity distribution,” said SMS President Jim Summers. “We share...

by BusinessWire

Insurance

Brookfield Reinsurance to Acquire AEL in $4.3 Billion Transaction

July 5, 202313 min

Brookfield Reinsurance and American Equity Investment Life Holding Company announced that they have entered into a definitive agreement whereby Brookfield Reinsurance will acquire all of the outstanding shares of common stock of AEL it does not already own in a cash and stock transaction that values AEL at approximately $4.3 billion. As part of the agreement, each AEL shareholder will receive $55.00 per AEL share, consisting of $38.85 in cash and 0.49707 of a Brookfield...

by PRNewswire

Insurance

Vesttoo Raises $6 Million Series A Round

August 10, 20215 min

Hanaco Ventures joins Vesttoo through an equity investment of $6 Million USD, leading Vesttoo’s Series A round aimed at further promoting the company’s multi-billion security-based investment portfolio, as well as the world’s first fully digital marketplace for insurers, reinsurers, and pension funds. Vesttoo, a leading global Alternative Reinsurance and Investment platform, announces it has raised $6 million in a Series A funding round led by Hanaco Ventures. The round is part of Hanaco’s broader investment strategy in Vesttoo,...

by BusinessWire

Insurance

AM Best to Lead Ratings Discussion at Reinsurance Association

August 9, 20213 min

AM Best will present a session focused on its evaluation of insurance and reinsurance companies at the Reinsurance Association of America’s upcoming Re Finance event, which takes place online Sept. 13-14, 2021. Clare Finnegan, senior financial analyst, will present a session, titled, “Tying it All Together – A Rating Agency’s View on Evaluating Insurance/Reinsurance Companies,” at 1:50 p.m. (EDT) on Sept. 14. Finnegan is part of AM Best’s global reinsurance ratings division and covers a portfolio...