HCI Postpones Home and Flood Insurer TypTap’s IPO Until ‘Conditions Are Appropriate’ January 13, 2022 Holding company HCI Group announced it is postponing the previously announced initial public offering of its subsidiary, TypTap Insurance Group,...
Update: Credit Suisse Files 5 Insurance Claims Related to Greensill-Linked Funds January 13, 2022 By Brenna Hughes Neghaiwi ZURICH — Credit Suisse has filed five insurance claims related to $1.17 billion in exposure across two of its Greensill-linked...
UK Cyber Insurtech KYND Receives £3.25 Million Investment from BGF January 13, 2022 KYND, the London-based provider of cyber risk management solutions for the insurance industry, announced a £3.25 million ($4.4 million) investment...
Climate Activists Behind Landmark Shell Verdict Set Sights on 30 Multinationals January 13, 2022 By Anthony Deutsch and Simon Jessop The Dutch wing of environmental group Friends of the Earth, which won a landmark court case against Royal Dutch Shell...
Reinsurers’ 2022 Profit Outlook Better Than Primary Insurers: Fitch January 13, 2022 By Susanne Sclafane The trailing impacts of premium and loss trends on the books of property/casualty reinsurers makes the 2022 outlook for reinsurers...
Specialist Risk Group (SRG) to Acquire Bridge Insurance Brokers’ Special Risks Team January 13, 2022 Specialist Risk Group (SRG), the London-headquartered broker, has entered into an agreement to acquire Bridge Insurance Brokers’ Special Risks team....
Illinois-Based Investor Agman Launches MGA Aurenity January 13, 2022 Chicago-based investor Agman has announced the launch of Aurenity, a new tech-enabled Managing General Agent (MGA) targeting the Excess and...
Foxconn India Restarts Production at iPhone Plant After December’s Worker Protests January 13, 2022 By Sudarshan Varadhan CHENNAI – Apple Inc supplier Foxconn restarted production at its plant in southern India on Wednesday, a company official said,...
Global Life Insurers Adapt Pandemic Risk Models After Unexpected Jump in Claims January 13, 2022 By Carolyn Cohn and Noor Zainab Hussain A coronavirus pandemic which lasts five years, another pandemic in a decade, and ever more transmissible variants are among the...
Iowa State Appeal Board Approves $962K Sexual Harassment Settlement January 13, 2022 An Iowa state panel on Jan. 11 approved settlements of two sexual harassment lawsuits filed by employees who alleged they...