News – Page 125
-
NewsLemonade enters its third European market
Lemonade has already expanded into Germany and The Netherlands
-
NewsFrench insurers to freeze premiums for sectors hardest hit by virus
Under pressure from Le Maire, insurers faced the prospect of being hit by a 1.2 billion euro ($1.45 billion) tax if they did not offer to keep premiums steady next year.
-
NewsVantage Announces Launch
Vantage has been formed following years of increased loss activity in the insurance industry and will utilize industry-leading talent and technology to underwrite business where existing capacity is shrinking.
-
NewsAM Best Maintains Global Reinsurance Market Outlook at Stable
The COVID-19 pandemic has added more uncertainty to a segment that has experienced increased loss activity in recent years. As a result, reinsurers’ ability to rely on favorable prior-year reserve development has been diminishing steadily.
-
NewsZurich and Plum Underwriting forge £150m capacity deal for non-standard home products
The insurer is replacing current capacity from Lloyd’s
-
NewsMore than 50% of brokers have experienced a mental health issue in the last 12 months
Heavy workloads and dealing with regulation are flagged as two key causes of broker stress
-
NewsAviva announces new chief executive of international position
Insurer Aviva has appointed Adam Winslow in the newly created role of chief executive of international, to oversee Aviva’s operations in continental Europe and Asia.
-
NewsTakeaways from the 2020 Atlantic Hurricane season
A warming climate meant hurricanes were more intense and more property was at risk - FM Global
-
NewsLilly and UnitedHealth launch trial of COVID-19 antibody
Drugmaker Eli Lilly and Co and insurer UnitedHealth Group on Friday said they have partnered to conduct a study of Lilly’s COVID-19 antibody treatment bamlanivimab in high-risk Medicare patients.
-
NewsSpecial Report: Riding the Cycle
This special report, in partnership with the Dubai International Financial Centre, includes the highlights a roundtable debate hosted virtually by Global Reinsurance in October 2020 and the results of research conducted during September 2020.
-
NewsContingent BI fallout presents opportunities for new products – Swiss Re
Property and casualty market head says this could be ‘a very valuable product’ moving forward
-
NewsLondon market startup Inigo received launch go-ahead
New London insurance group Inigo has received approval in principle from the Corporation of Lloyd’s and will start underwriting for 2021.
-
NewsAM Best places credit ratings of GIG under review with developing implications
The under review with developing implications status reflects AM Best’s uncertainty over the group’s post-acquisition risk-adjusted capitalisation, leverage and liquidity.
-
People & OpinionChubb Names John Keogh President
He will continue to report to Evan G. Greenberg, Chairman and Chief Executive Officer, and his current broad companywide responsibilities remain unchanged.
-
NewsReinsurer Conduit rises 5% after pricing $1.1 billion London IPO
The company sold 164.13 million shares at 500 pence per share, it said earlier in the day. By 1100 GMT, they had risen to 526 pence.
-
-
NewsNewly launched London market broker begins trading
A new independent London market intermediary Ballantyne Brokers has begun business.
-
-
NewsAustralia’s Westpac sells general insurance unit to Allianz for $535 million
The transaction is the latest in a series of sales of underperforming insurance assets by the country’s Big Four banks, as lenders re-focus on local core operations, after a series of scandals ramped up regulatory scrutiny on the sector.
-
NewsCoal is increasingly uninsurable in 2020, but industry fails to act on oil and gas
U.S. and Asian insurers, along with Lloyd’s market, fail to act
