AXIS Capital

Insurance Business America | October 30, 2019

Another Q3 earnings report is in, and the news is not good. AXIS Capital Holdings has delivered a net income of US$28 million for the quarter, compared to US$43 million in the same quarter in 2018. The company also reported an operating loss for Q3 2019 of US$33 million, while in the same period last year, it reported an operating income of US$79 million. Albert Benchimol, president and CEO of AXIS Capital, commented on the tough results, attributing them to catastrophic events....

Insurance Business Magazine | January 16, 2020

Insurance start-up battleface, which provides travel insurance for unconventional travelers worldwide, has announced that it has successfully closed a seed funding round with backing from strategic and venture capital investors. Fintech Ventures Fund has invested in battleface, joining Greenlight Re and Tangiers Group. The investment will be used to expand software development, hire sales and business-development personnel, and expand battleface’s global reach, the company said. “We ...

Aon | January 15, 2020

Global insurance brokerage and professional services firm Aon has officially completed its acquisition of CoverWallet, a US-domiciled digital insurance platform for small and medium-sized enterprises (SMEs). Now finalized, the deal enables Aon to expand its position in the fast-growing commercial insurance market for SMEs. The brokerage giant will also be able to leverage CoverWallet’s technology and data & analytics capabilities to develop and scale innovative digital client experienc...

Ladder | January 14, 2020

Today, Ladder Insurance Services, LLC, (Ladder) announced that the LadderLifeTM term life insurance product issued by Allianz Life Insurance Company of New York (Allianz Life® of NY) will be offered to New York residents, marking the completion of its nationwide rollout. New York residents will now be able to enjoy the same quick insurance application process, real time underwriting, and flexible coverage that Ladder has been offering to California since 2017, and to the rest of the country ...