All News articles – Page 111
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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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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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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, ...
