D&O-Focused MGA, Rising Edge, to Launch in 1st Half February 26, 2021 Rising Edge, a London-based managing general agent (MGA), writing directors’ and officers’ (D&O) insurance, is set to launch in the...
AI-Driven Insurance Distribution Platform Wins $11 Million Financing Round February 26, 2021 A startup centered around an AI-driven platform for insurance distribution secured $11 million in Series A financing. Zelros plans to...
EU Seeks More Protection from Climate Risks by Increasing Resilience, Insurance Cover February 26, 2021 By Ewa Krukowska The European Union is bolstering its 14-trillion-euro ($17 trillion) economy against damage caused by the impacts of climate change, from...
Canadian Insurtech Farmers Edge Raises $100 Million in IPO February 26, 2021 By Kevin Orland and Marcy Nicholson Farmers Edge Inc. raised about C$125 million ($100 million) in its Canadian initial public offering after selling shares at the...
UK Insurer RSA Reports 15% Hike in 2020 Operating Profit February 26, 2021 UK insurer RSA has reported a 2020 business operating result of £751 million ($1.1 billion), up 15% from £656 million...
Irish Insurer FBD More Than Doubles Money Set Aside for Lockdown-Related Claims February 26, 2021 DUBLIN – Irish insurer FBD more than doubled the money set aside to cover lockdown-linked claims to 65 million euros...
Legacy Specialist Enstar Provides $2.3B Adverse Development Cover for AXA XL February 25, 2021 Enstar Group Ltd. announced that one of its wholly owned subsidiaries has signed an agreement to provide adverse development cover...
Munich Re’s 2020 Profit Drops 55% on COVID-19-Related Reinsurance Claims of $4.1B February 25, 2021 Munich Re reported a profit of €1.21 billion (US1.47 billion) for 2020, a 55% decline from the €2.71 billion (US$3.29...
Zurich North America Names Aviva’s Kundi as Canada Chief Risk Officer February 25, 2021 Sonia Kundi has joined the Zurich North America Group Risk Management team as Canada chief risk officer, effective immediately. She...
Kenya Seeks More Crop Insurance to Cover Small Farms from Climate Change Risks February 25, 2021 By Eric Ombok Kenya’s agriculture ministry has opened bids for crop insurance providers to cover more smallholder farmers from the risks and shocks...