Insurtech MIC Global Receives ‘In-Principle’ Approval to Launch Lloyd’s Syndicate January 28, 2022 Insurtech MIC Global has received “in-principle” approval from Lloyd’s for the creation of MIC Global Insurance Syndicate 5183. UK-based MIC...
UK Regulator to Review ‘Crippling’ Post-Grenfell Property Insurance Costs January 28, 2022 Property insurers have forced “crippling costs” onto residents of apartment blocks in the aftermath of the Grenfell disaster, the U.K....
Allianz and UniCredit Expand Longstanding Multi-Country Bancassurance Agreement January 28, 2022 Allianz and UniCredit have signed a multi-country agreement to build on the companies’ longstanding bancassurance partnership which began in 1996....
Insurtech Unicorn Bolttech Weighs Raising $300M in Fresh Funds January 28, 2022 By Vinicy Chan and Manuel Baigorri Bolttech, an insurance technology unicorn backed by Hong Kong billionaire Richard Li, is considering raising $200 million to $300 million...
UK Insurer First Central Weighs Sale That Could Value Business at £600M: Sources January 27, 2022 By Jan-Henrik Förster British insurer First Central Group Ltd. is considering a sale that could value the business at about 600 million pounds...
Everest Re Group Signs UN Principles for Sustainable Insurance January 27, 2022 Everest Re Group Ltd. announced it has become an official signatory of the UN Principles for Sustainable Insurance (PSI), a...
Climate Risk Is Top London Market Challenge, IUA Survey Shows January 27, 2022 The top challenge currently facing London market insurance companies is climate risk, a new survey by the International Underwriting Association...
People Moves: AEGIS London Names Powell CEO, as Croom-Johnson Retires; Corvus Hires Zurich’s Delvos as 1st Head of Int’l; HDI’s Jackson to Lead Aviation at Apollo January 27, 2022 This edition of International People Moves details appointments at AEGIS London, Corvus Insurance and AEGIS London Names Powell as CEO,...
UK Business Closures Jump 14% as Pandemic Takes Brutal Toll on Small Firms January 27, 2022 By Andrew Atkinson Business closures in the UK jumped by 14% from a year ago in the fourth quarter as the coronavirus pandemic...
Generali to Raise Stake in Indian P/C Insurance Joint Venture to 74% January 27, 2022 Generali has agreed to become the majority shareholder in both its property/casualty and life joint ventures in India. For the...