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...
Reinsurers Increasingly Using ILS to Transfer Risks October 28, 2021 Reinsurers are increasingly relying on third-party capital to support their retrocession needs, in which they transfer risks they have assumed...
Lloyd’s Ups Climate Pledge, Vows to Push Members on Net Zero: Reuters October 28, 2021 By Simon Jessop and Carolyn Cohn Lloyd’s of London said on Thursday it would join peers in scaling up efforts to cut carbon emissions and push...
UN Proposes Net Zero Verification Standard for Corporate Climate Claims October 28, 2021 By Shadia Nasralla A U.N.-backed body launched a scheme to verify corporates’ net zero strategies on Thursday that is likely to become a...
UK-Based Broker KGJ Insurance Is Latest Acquisition for NFP October 27, 2021 NFP, a New York City-based insurance broker and consultant, has acquired UK-based KGJ Insurance Services Group Ltd. KGJ is a...