German Insurtech Wefox Plans to Launch Product that Warns of Looming Danger March 11, 2021 By Douglas Busvine BERLIN – German insurance tech startup Wefox plans to launch a risk prevention product that will use data from smartphones...
Canada’s Trans Mountain Pipeline Wants to Keep Insurers Secret from Project Protestors March 11, 2021 By Robert Tuttle Trans Mountain Pipeline LP is petitioning to keep the insurers of its controversial Canadian oil sands pipeline confidential as environmental...
Credit Suisse Faces Questions from Regulators, Insurers After Collapse of Greensill Funds March 11, 2021 By Brenna Hughes Neghaiwi, Makiko Yamazaki and Pamela Barbaglia ZURICH/TOKYO – Credit Suisse faces questions from regulators and insurers as it grapples with the fallout from the collapse of...
BI Innovation Coming Soon: Low-Limit Policies from Insurtech Thimble March 11, 2021 By L.S. Howard See a need and then fill it. That’s the secret of most successful businesses—and that was the driving motivator of...
DARAG to Provide Retrospective Quota Share Reinsurance for Protector Forsikring March 10, 2021 DARAG Group Ltd., the Malta-based legacy acquirer, announced it has signed a retrospective quota share reinsurance agreement with Protector Forsikring...
Zego Becomes UK’s 1st Insurtech Unicorn After Fundraising Values Company at $1.1B March 10, 2021 Commercial mobility insurer Zego has become the UK’s first insurtech unicorn after raising $150 million, valuing the company at $1.1...
Commodities Trader Mercuria Buys $36M of Copper, but Gets Cargo of Painted Rocks March 10, 2021 By Andy Hoffman Commodities trader Mercuria Energy Group Ltd. struck a deal last summer to buy $36 million of copper from a Turkish...
EU Prepares to Get Tougher on Asset Managers that ‘Greenwash’ Sustainable Credentials March 10, 2021 By Simon Jessop and Kate Abnett LONDON/BRUSSELS – For money managers and advisers keen to market their sustainable investing credentials to European clients, going green is...
Tokio Marine Examines Validity of Greensill Insurance Policies Provided by Australia Unit March 10, 2021 TOKYO – Japanese insurer Tokio Marine Holdings Inc. said on Wednesday it is investigating the validity of insurance policies provided...
Marsh Names Barnes to New Global Sustainability, Climate Strategy Role March 10, 2021 Global insurance broker Marsh has appointed Amy Barnes to the newly created role of head of Sustainability and Climate Change...