All News articles – Page 148
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NewsAM Best assigns preliminary credit assessment to Vantage Risk
AM Best has assigned a Preliminary Credit Assessment (PCA) to Vantage Risk Ltd. (Vantage) (Bermuda) with a Financial Strength Assessment of A- pca (Excellent) and a Long-Term Issuer Credit Assessment of “a-” pca. The outlook assigned to these PCAs is stable. The PCAs reflect Vantage’s balance sheet strength, which AM ...
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NewsFloods in southern France to cost 210 mln euros - insurance body
Damage caused by floods and heavy rain in southeastern France is expected to cost 210 million euros ($248.12 million) in insurance claims, French insurance body FFA and reinsurer CCR said on Monday.
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NewsMarsh Commercial to help Britishvolt establish largest UK facility for Lithium-Ion battery production
Marsh Commercial today announced that it has secured an agreement to provide risk and insurance solutions to Britishvolt, a manufacturer of lithium-ion batteries for energy storage and electric vehicles, for its gigaplant. Set to be the first of its kind in the UK, the facility is on track to be ...
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NewsBest’s Commentary: In Pandemic Response, U.S. Property/Casualty Insurers Returned $8.5 Billion in Premiums in First-Half 2020
U.S. property/casualty insurers reported premium returns of $8.5 billion during the first half of 2020, owing to the COVID-19 pandemic, according to a new AM Best commentary.
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NewsAXA Group Adopts Wiztrust to Certify its Information
AXA adopts Wiztrust, Wiztopic’s news certification platform in the blockchain. Axa joins the community of listed companies and insurers that already rely on Wiztrust to guarantee the authenticity of their information and thus avoid fake news, protect their shareholders and preserve the reputation of their executives. The cost of financial ...
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NewsInsurance startup Root eyes $6.3 billion valuation in market debut
utomobile insurance startup Root Inc said on Tuesday it plans to raise as much as $604.1 million in its initial public offering on the Nasdaq, the latest in a line of insurers looking to tap the current boom in U.S. capital markets
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NewsBrokers missing out on using social media to talk to clients during lockdown – Ecclesiastical
Brokers are missing out on a key opportunity by not using social media
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NewsAXIS Insurance and Kennedys Law Launch New Marine Cyber Insurance Product
AXIS Insurance, the specialty insurance business segment of AXIS Capital Holdings Limited (“AXIS Capital”) (NYSE:AXS), and Kennedys Law LLP, an international law firm, today announced a collaboration for services in connection with new the AXIS Marine Cyber Insurance product. This new product will provide insurance cover for the marine shipping ...
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NewsMunich Re posts quarterly result of approx. €200m
In the third quarter, Munich Re registered COVID-19-related losses totalling about €800m in reinsurance. The losses were attributable to various business lines, such as insurance for major events and other property-casualty lines, and the life and health business.
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NewsFord and Verisk collaborate to offer telematics data to insurers
Verisk, a data analytics provider, announced that Ford Motor Company has joined the Verisk Data Exchange™. Owners of eligible Ford and Lincoln vehicles will soon have easy access to usage-based insurance programs from the many U.S. auto insurers that connect to the Exchange—including three of the ten largest U.S. carriers.
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NewsInsurtech Honcho takes on the Big Apple
Honcho is one of two UK insurtechs to be selected by the US based accelerator
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NewsInsurance sector ‘unprepared’ for pandemic – Convex’s Stephen Catlin
The Convex chairman and chief exec questions how the insurance industry can help at a time when government resources are overstretched and the pandemic ongoing
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NewsColdplay bassist and others have called on the government to back an insurance scheme for the events sector
Coldplay bassist Guy Berryman and ex-Dragon’s Den star Sarah Willingham have called on the government to back an insurance scheme for the events sector, similar to one already up-and-running for film and TV production. Business heavyweights including Links of London founder John Ayton and Notonthehighstreet founder Holly Tucker have signed ...
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NewsCombined Insurance launches new online accident product
Combined Insurance, a Chubb company, announced today the launch of a new online accident insurance product for individuals and families. The new digital offering comes at a critical time when more people need access to extra insurance coverage, and the ability to shop and purchase in a virtual and safe ...
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NewsLiberty Mutual Selects CoreLogic for Deployment of New Property Estimation Platform
CoreLogic today announced that Liberty Mutual Insurance, a global leader in the property and casualty insurance market, has selected CoreLogic for deploying a next-generation, cloud-based property estimation platform to further position itself as a leader in the property insurance market. “To continue to meet customer expectations well into the future, ...
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People & OpinionSandra Wijnberg joins Hippo’s board of directors
Hippo, the high-growth insurtech group, announced today that Sandra Wijnberg has joined its board of directors as an independent director and will serve as its audit chair. Ms. Wijnberg brings experience in insurance, private equity and board governance to Hippo. She currently serves as audit committee chair of Automatic Data ...
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NewsAM Best’s Insurance Market Briefing - MENA to Examine Current Trends and Their Future Impact
AM Best’s annual Insurance Market Briefing - MENA will be held as a complimentary webinar on 3 November 2020, at 14:00 hours, Gulf Standard Time (GST), to discuss the (re)insurance markets of the region.
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NewsMAPFRE and Paris-based startup Shift Technology come together to create state-if-the-art claims solution
The Spanish insurer is designing a new claims process supported by claims automation technology from the recognised AI startup.
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NewsBoE: Climate disclosures will become mandatory
Setting out pathways to mandatory TCFD disclosures should be a “priority” for public authorities, according to the Bank of England
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NewsWide area damage principle is key to quantifying BI claims
An uptick in COVID-related BI claims is expected following the UK FCA test case, primarily from the hospitality sector
