All News articles – Page 151
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NewsInsurance solutions can help to restore mangroves as natural coastal defences
Insurance could cost-effectively help protect and restore mangrove forests, which can offer increased resilience and protect against coastal flooding, according to a report published today by The Nature Conservancy and University of California, Santa Cruz, and supported by AXA XL.The report, Reducing Caribbean Risk: Opportunities for Cost-Effective Mangrove Restoration and ...
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NewsWillis Towers Watson to launch new partnership with the Wharton School’s Mack Institute
Willis Towers Watson today announced it is joining the Mack Institute for Innovation Management at the Wharton School, University of Pennsylvania, as a corporate partner.
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People & OpinionHiscox appoints Kathleen Reardon as CEO of Hiscox Re & ILS
Hiscox Ltd (LSE:HSX), the international specialist insurer, is pleased to announce the appointment of Kathleen Reardon as CEO of Hiscox Re & ILS, subject to regulatory approval. Kathleen will succeed Mike Krefta, who as we announced in August will be stepping down in early 2021. Most recently Chief Executive Officer ...
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NewsTesla’s release of new ‘self-driving’ software closely watched by U.S. regulator
The U.S. auto safety regulator said on Thursday it was closely watching Tesla Inc’s release of a software version intended to allow its cars to drive themselves, saying it stood ready to protect the public against safety risks.
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NewsUK plans for self-driving cars threaten safety - insurance group
British government plans that could allow self-driving cars on motorways as soon as 2021 would put lives at risk because the available automated technology falls well short of human driving capabilities, UK insurance group Thatcham Research said on Friday.
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NewsPolitical violence cover sees uptick in demand following Covid-19 pandemic – Talbot Underwriting
Businesses may be left under-prepared and under-insured as the lines are blurred for what constitutes a riot, protect, political violence or war
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NewsAirmic welcomes insurer’s decision to drop appeal
“Market turns are cyclical, and underwriters should keep squarely in mind their relationships with their insurance buyers for the future”, says Julia Graham
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NewsMoneysupermarket shares down 6% amid insurance difficulties
Aggregator hit by Covid impact, with travel significantly impacted
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NewsSix insurers drop High Court appeal against BI ruling for some policies
The insurers are however still contesting the ruling on some policy types
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News‘Nothing stopping’ resilience policy insurers paying out amid FCA test case ruling, says law firm
RSA has decided not to appeal the FCA test case ruling for its RSA4 resilience policies
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NewsNew reinsurer Rosh Re to set up with $600m of capital
Michael Jacobs, chief executive officer of Rosh Capital Management LP, was quoted by risk transfer website Artemis.bm as saying: “I’m delighted to have the support and backing of Ajay and his team. We are ideally positioned to create exceptional shareholder value with modest risk and volatility while diligently managing risk ...
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People & OpinionLiberty Specialty Markets appoints new Chief Digital Transformation Officer
Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, has appointed Mandy Macqueen to the newly created role of Chief Digital Transformation Officer. She joins with immediate effect and is based at LSM’s London Office.
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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 ...
