Hub International Acquires Canadian Employee Benefits Broker Rogersworks Inc. October 18, 2021 Hub International Ltd., the Chicago-based global insurance brokerage and financial services firm, announced it has acquired the assets of Rogersworks...
China Provides Assurances that Evergrande Crisis Is Being Contained October 18, 2021 By Sofia Horta e Costa For months in the runup to the 2008 financial crisis, banking heavyweights from Federal Reserve Chair Ben Bernanke on down...
Munich Re, Hannover Re Expect Rising Prices After Floods in Germany October 18, 2021 German reinsurance companies Munich Re and Hannover Rueck said on Monday they expect rising prices for their business in Europe...
Twins Who Built $1.3B Marshmallow Car Insurance Startup as Industry Challenger October 18, 2021 By Ronan Martin For three centuries, a handful of insurers have dominated the market from the City of London. The upstart intent on...
Canary Islands’ Volcanic Eruption Reminds Insurers of Challenges of Non-Modeled Perils October 18, 2021 The ongoing eruption of the Cumbre Vieja volcano, located on the La Palma Island in the Canary Islands archipelago of...
Electric Scooter Providers Plan Selective Expansion, Seeking Scale to Survive October 18, 2021 By Nick Carey and Carolyn Cohn The era of breakneck growth for electric scooter firms is giving way to more selective expansion focused on profits as...
China Urges Development of Accident Insurance, Pension Products for Gig Workers October 18, 2021 China’s top banking and insurance regulator said it would encourage insurers to accelerate the development of commercial pension products and...
People Moves: Aon Names WTW’s Forsgård as CEO, Nordic Region; Marshmallow Hires Gillard as Chief People Officer; Sedgwick Appoints Norman for Biz Development October 15, 2021 This edition of International People Moves details appointments at broker Aon, insurtech Marshmallow, and loss adjuster Sedgwick. A summary of...
Reinsurer Natural Disaster Losses to Exceed Budget Expectations for 5th Year: S&P October 15, 2021 For the fifth consecutive year, insured losses from natural catastrophes are expected to be at or above global reinsurers’ budget...
Everest Re, AXIS Capital Estimate Costs of Q3 Natural Catastrophe Losses October 15, 2021 Everest Re Group Ltd. and AXIS Capital announced their preliminary third quarter 2021 catastrophe losses. In advance of its full...