InsurTech

The ‘blank cheque’ company, led by John Butler, will look to acquire a company within the (re)insurance and InsurTech space.

Event-based insurance represents a meaningful premium opportunity for the global insurance industry, Willis Towers Watson suggested.

ILS fund Hudson Structured Capital Management is a significant minority investor in both companies and was involved in the transaction.

Lloyd's veteran Richard Foster, previously head of global property at Brit, will lead underwriting at the venture.

InsurTech is not a market that is as ripe for disruption as the catastrophe reinsurance business was, according to Scor’s Adrian Jones.

Distribution and transaction efficiencies have been targets for InsurTech gains but the time for underwriting improvements will come.

Tremor Technologies’ electronic auction house for reinsurance made its first trades this summer, joining a growing number of initiatives aimed at creating online marketplaces for risk trading.

Tullett Prebon has signed up 60 clients so far to its London-based Insurance Linked Notes (ILN) platform, which enables lower-cost and anonymous live trading of industry loss-based securities.

Duperreault recognises the quality of the Bermudian reinsurance industry.

This is believed to be the first ever listing of blockchain notes on a regulated exchange.

GC Genesis will match insurers with relevant start-ups from a network of 2,000 businesses built up over the last year.

Tremor’s auction technology matches capacity to bidders to achieve the lowest overall rate.