Zego, Supported by Swiss Re, Teams Up with bp to Insure Electric Vehicles in London July 19, 2021 Commercial motor insurer Zego, with support from Swiss Re, has teamed up with bp, an integrated energy company, to provide...
Number of Women on Boards of UK’s Top Financial Firms Rises to 32%: Report July 19, 2021 By Simon Jessop The proportion of women on the board at 200 of Britain’s top financial firms has risen to nearly a third...
Death Toll from European Floods Rises Above 180 July 19, 2021 By Geir Moulson The death toll from flooding in Western Europe climbed above 180 on Sunday after rescue workers dug deeper into debris...
S. African Riot Insurer to Shoulder Bulk of Claims After Days of Violent Civil Unrest July 19, 2021 By Roxanne Henderson and Khuleko Siwele As calm begins to return to South Africa following days of violent riots that caused billions of rand in damage,...
Enstar to Repurchase Hillhouse’s Equity Stake, Buys Controlling Interest in Enhanzed Re July 16, 2021 Bermuda-based Enstar Group Ltd. announced it has entered into an agreement to repurchase Hillhouse Capital Management’s entire remaining stake in...
People Moves: Aon’s EMEA Promotions; Lockton Re Hires Charit from Aon; Miller Names Hobbs as Head of Cyber July 16, 2021 This edition of International People Moves covers appointments at three re/insurance brokers: Aon, Lockton Re and Miller. A summary of...
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...