Fidelis Insurance Holdings Ltd. announced it has raised in the fourth quarter of 2020 an additional $60 million of equity capital from existing and new investor relationships, including Alfa Insurance and affiliated companies with which Fidelis has a long-standing relationship. …
Efma and Accenture are now accepting applications for the sixth annual Efma-Accenture Innovation in Insurance Awards, which recognize insurers and insurtechs that are transforming the insurance industry. Established in 2016, the awards celebrate the most innovative projects and ideas in …
SINGAPORE – An elderly passenger on board a Royal Caribbean “cruise to nowhere” has been diagnosed with the coronavirus, prompting the voyage to be cut short as the vessel returned to Singapore on Wednesday. The 83-year-old guest on board the …
Fidelity International is calling for urgent action to address the humanitarian crisis and supply-chain risks caused by the more than 400,000 seafarers who are stranded aboard vessels and a similar number who remain ashore with little prospect for work or …
In late January 2015, just after the deadliest outbreak of Ebola in history, then-World Bank President Jim Yong Kim stood in front of a group of Georgetown University students and professors to introduce a new approach to fighting pandemics. Fresh …
Credit Suisse Group AG is winding down two reinsurance vehicles with assets of about $2 billion after key investors moved their funds out. Humboldt Re and Kelvin Re, which use money from institutional clients to reinsure natural catastrophes and other …
For first party property claims, lengthy and costly litigation is not always the only mechanism for resolving a dispute. Most homeowner’s policies include detailed terms and conditions for parties to undergo appraisal when there is a dispute over the amount …
An explosion at a West Virginia chemical plant on Tuesday night prompted authorities to order residents within 2 miles of the plant to remain indoors. The explosion occurred at 10:02 p.m. EST at the Chemours plant in the Kanawha County …
General Electric Co. has agreed to pay a $200 million penalty to settle charges for misleading investors over how it was generating earnings in its power and insurance businesses, the U.S. Securities and Exchange Commission said on Wednesday. GE’s shares …
Houston-area authorities on Dec. 8 announced a new task force to combat a more than 30% rise in road rage incidents this year, an increase that officials are blaming in part on the ongoing stress during the coronavirus pandemic. The …
