Climate Protesters Spill 1,000 Liters of Fake Oil Outside Lloyd’s of London October 29, 2021 By Ryan Hesketh Climate protesters spilled a 1,000 liters (220 gallons) of fake oil outside Lloyd’s of London Friday, part of a campaign...
Flood Re Tours UK With ‘Floodmobile’ Before COP26 to Highlight Flood Resilience October 29, 2021 Flood Re, the joint initiative between the UK government and insurance industry to help make home flood insurance more affordable,...
Swiss Re Reports Better-Than-Expected Profit Despite Major Claims October 29, 2021 Reinsurance company Swiss Re said on Friday it swung to a better-than-expected net profit in the first nine months as...
Severe South Australia Storms Declared a Catastrophe by Insurance Council October 29, 2021 The Insurance Council of Australia (ICA) has declared an insurance catastrophe for parts of South Australia, which were hit by...
Amazon-Backed Indian Online Insurer Acko Valued at $1.1B in New Funding Round October 29, 2021 By Baiju Kalesh General Atlantic and local private equity firm Multiples Private Equity led a $225 million funding in Acko General Insurance, valuing...
SiriusPoint Forms Partnership with ESG-Focused Startup Parameter Climate October 29, 2021 SiriusPoint Ltd., the Bermuda-based specialty insurer and reinsurer, has announced a strategic partnership with Parameter Climate, a climate underwriting and...
EXOR Agrees to Sell PartnerRe to Covéa for $9B, Reviving Last Year’s Collapsed Deal October 29, 2021 By Daniele Lepido The Agnelli family’s EXOR NV agreed to sell its PartnerRe reinsurance unit to France’s Covéa for $9 billion, reviving a...
Bank of England to Push Banks, Insurers on Climate Risk Capital Requirements October 29, 2021 By Huw Jones The Bank of England will crack down from next year on banks and insurers that do not hold enough capital...
La Banque Postale Plans to Buy French Insurer CNP October 28, 2021 PARIS — The banking arm of French mail operator La Poste is planning to buy banking group BPCE’s stake in...
EU Cybersecurity Agency Warns of Threat From Hackers-for-Hire October 28, 2021 By Foo Yun Chee Hackers-for-hire emerged as the biggest threat to online security in the last 15 months, with the COVID-19 pandemic and home...