‘Urgent Action’ Needed to Help Stranded Sailors and Avoid Supply-Chain Risks December 10, 2020 By Alastair Marsh Fidelity International is calling for urgent action to address the humanitarian crisis and supply-chain risks caused by the more than...
Why World Bank’s Controversial Pandemic Bonds Didn’t Function as Hoped December 10, 2020 By Tracy Alloway and Tasos Vossos In late January 2015, just after the deadliest outbreak of Ebola in history, then-World Bank President Jim Yong Kim stood...
Credit Suisse Shuts Humbolt Re and Kelvin Re After Investor Withdrawals December 10, 2020 By Patrick Winters and Marion Halftermeyer Credit Suisse Group AG is winding down two reinsurance vehicles with assets of about $2 billion after key investors moved...
Germany’s Getsafe Raises $30M from Swiss Re and Others; Eyes Becoming Full Carrier December 9, 2020 By Mark Hollmer Digital MGA Getsafe disclosed $30 million in new financing led by new investor Swiss Re. The Heidelberg, Germany-based InsurTech said...
How to Address the Next Uninsurable Pandemic — A Black Swan Event December 9, 2020 By Lucca de Paoli, Katherine Chiglinsky and Benjamin Robertson There aren’t many contexts where $2 trillion seems like a paltry sum. Then a pandemic comes along. The economic fallout...
Chubb Launches Enhanced MasterPackage Solution for Life Science Companies in UK December 9, 2020 Chubb announced the launch of its enhanced MasterPackage for Life Science Companies product in the UK. This is a comprehensive...
Arch Insurance International Renames Barbican Syndicate 1955 December 9, 2020 Arch Insurance International has announced the change of name of Barbican Syndicate 1955 to Arch Syndicate 1955, with effect from...
UK Insurtech Zego Buys Telematics Firm Drivit to ‘Revolutionize’ Insurance Pricing December 9, 2020 Zego, the London-based mobility insurance provider and the first UK insurtech to be awarded an insurance license, has acquired telematics...
Brit to Appoint RSA’s Wilkinson as Group CFO December 9, 2020 Brit Ltd. announced the appointment of Gavin Wilkinson as group chief financial officer. Wilkinson will start his new role in...
AM Best Assigns ‘A-‘ Rating to Newly Formed Conduit Reinsurance Ltd. December 9, 2020 AM Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of “a-” to...