Global P/C Industry Sees Strongest Rate Hikes in 20 Years but Inflation Headwinds Loom July 16, 2021 By L.S. Howard Robust global economic recovery, higher risk awareness and the strongest rate hardening for 20 years in non-life insurance commercial lines...
Fintech and On-Demand Insurer N26 Eyes Value of About $10B in New Fundraising July 16, 2021 By Jan-Henrik Förster and Eyk Henning N26 GmbH is holding discussions with investors to raise several hundred million dollars in a fundraising that could value the...
Germany Reels from Flood ‘Catastrophe’; Insurers Expect Costly Claims for 2021 July 16, 2021 By Stefan Nicola and Birgit Jennen Chancellor Angela Merkel pledged swift help backed by “all the power of the state” for people affected by devastating flooding...
Update: India’s Digital Payments Startup Paytm Seeks to Raise $2.23 Billion in IPO July 16, 2021 By Vishwadha Chander and Chris Thomas BENGALURU – Indian digital payments leader Paytm, which counts Ant Group and Softbank among its backers, is seeking regulatory approval...
People Moves: Everest Re Promotes Moskowitz & Bell; AXIS Re Promotes Stirnemann, Janisch & Phillips; Sompo Hires ArgoGlobal’s Serra July 15, 2021 This group of International People Moves details appointments at Everest Re, AXIS Re and Sompo International Holdings. A summary of...
Storms Cause Heavy Flooding Across Parts of Western and Central Europe July 15, 2021 Storms caused heavy flooding across parts of western and central Europe overnight, with one man missing after being swept away...
Uninsured South African Businesses, Wrecked by Civil Unrest, Struggle to Recover July 15, 2021 JOHANNESBURG — After losing 53 cars during xenophobic attacks in South Africa in 2019, Johannesburg car dealership owner Okey Uchendu...
P/C Insurers Plan to Boost Their Use of Automation: Willis Towers Watson July 15, 2021 Property/casualty insurers plan to accelerate their use of automation for actuarial work, a new Willis Towers Watson survey found. What’s...
Howden Launches Climate Risk and Resilience Division July 15, 2021 Howden, the London-based insurance group, announced the launch of a Climate Risk and Resilience division. Led by Charlie Langdale, the...
Apollo Gets ‘In-Principle’ Approval from Lloyd’s to Create Standalone Syndicate 1971 July 15, 2021 Apollo Syndicate Management, the London-based independent specialist insurer and reinsurer, announced it has been granted in-principle approval from the Council...