Total new worldwide funding commitments to the InsurTech sector in 2019 were $6.37 billion, 33.9% of the historical total, following a record-breaking $1.99 billion of investment in 75 projects during Q4 2019, according to the new Quarterly InsurTech Briefing from Willis Towers Watson, a leading global advisory, broking and solutions company. During the year, eight… Continue reading 2019 InsurTech Investment Reaches All-Time High at $6.37B
Tag: specialty insurance markets
Hartford Announces New Operating Model for Its Specialty Commercial and Middle Market Businesses
The Hartford announced the new operating model and organizational structure that will be effective upon the closing of its pending acquisition of The Navigators Group, Inc. Navigators operations, along with The Hartford’s current Specialty Commercial and Middle Market businesses, will be aligned around two new market-facing businesses – Global Specialty and Middle & Large Commercial.… Continue reading Hartford Announces New Operating Model for Its Specialty Commercial and Middle Market Businesses
Liberty Mutual Drops Ironshore Brand in Specialty Merger
Some 16 months after buying global specialty underwriter Ironshore, Liberty Mutual is merging the local Ironshore operation into a combined commercial specialty lines business. Effective immediately, Liberty International Underwriters will integrate Ironshore operations throughout the Asia-Pacific. Boston-based Liberty Mutual acquired New York-based Ironshore in a $US3 billion ($4.1 billion) deal completed in May last year.… Continue reading Liberty Mutual Drops Ironshore Brand in Specialty Merger
NSM MGA Holdings Ltd Launch Second Underwriting Brand, First Specialty
Following their recent acquisition of Xpekt Ltd, NSM MGA Holdings Ltd have today announced that they will be launching a second underwriting brand to the market. Mark Bacon, Managing Director of Xpekt Ltd, commented, “We are delighted to be bringing First Specialty to the market to sit alongside our Xpekt brand. First Specialty will offer… Continue reading NSM MGA Holdings Ltd Launch Second Underwriting Brand, First Specialty