Home, Auto MGA Branch Plans Conversion to Reciprocal Exchange After Raising $24M July 23, 2020 Branch, an insurtech startup focused on bundling digital home and auto insurance, is eying national expansion through 2021 after nailing...
Lloyd’s Insurer Beazley Reports 1st Half Loss of $13.8M on Mounting COVID-19 Claims July 23, 2020 By Muvija M British insurer Beazley swung to a loss for the first half on Thursday after setting aside $170 million for coronavirus-related...
New Lloyd’s Syndicate-in-a-Box Created to Insure Transport of Future COVID-19 Vaccine July 23, 2020 Lloyd’s, the specialist insurance and reinsurance market, announced the creation and in principle approval of its newest “syndicate-in-a-box,” Syndicate 1796,*...
Travelers Reports Q2 Loss on Catastrophes, Investments; Only Modest COVID Impact July 23, 2020 The Travelers Companies reported a net loss of $40 million for the quarter ended June 30, 2020, compared to net...
Swiss Re Appoints Pasricha as Global Head P&C Solutions, Succeeding Schuh July 23, 2020 Swiss Re announced that Pranav Pasricha, currently CEO of Intellect SEEC, has been appointed global head P&C Solutions of Swiss...
Swiss Re to Report $1.1 Billion Loss During First Half on Hit from COVID-19 July 23, 2020 Reinsurance company Swiss Re said on Wednesday that claims and reserves of $2.5 billion related to COVID-19 will lead to...
Zurich Insurance Decides Not to Renew Cover for Canada’s Trans Mountain Oil Pipeline July 23, 2020 Insurer Zurich has decided not to renew cover for the Canadian government’s Trans Mountain oil pipeline, said a spokeswoman for...
Smith to Retire from Chicago’s R-T Specialty July 23, 2020 Scott H. Smith has announced his intention to retire from Chicago-based insurance broker, R-T Specialty LLC, at the end of...
North Carolina Road Test Waived for Adult Drivers License Applicants July 23, 2020 Road tests still aren’t being performed by examiners from the North Carolina Division of Motor Vehicles due to COVID-19. So...
Northeast Insurer Plymouth Rock Assurance Launches Umbrella Coverage July 23, 2020 Plymouth Rock Assurance, an auto and home insurance provider in the Northeast, has launched a new umbrella insurance product for...