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Asteria to grow digital infrastructure for aviation asset and loss information with new Lloyd’s investment

Asterias, a digital insurance software and data capture platform for aviation asset and loss management, has secured a strategic investment from Lloyd’s of London, a global insurance and reinsurance marketplace, aimed to advance its digital infrastructure. The investment follows earlier backing from Insurtech Gateway and a group of industry investors. The fresh capital will accelerate…

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Mid-single-digit billions of dollars loss from Isaias unlikely to affect P&C re/insurer credit profiles, says Fitch

A wide rage of insurers and reinsurers are expected to be impacted by Hurricane Isaias, which made landfall as a Category 2 storm in the Florida Panhandle on October 9th, but while the event is expected to drive moderate economic and insured losses, Fitch says it is “not likely to affect credit for rated property/casualty…

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