LISBON — Demand for online mental health care will be a priority in the post-COVID world, bosses of telehealth apps say, after lockdowns took a toll on people’s wellbeing and requests for virtual appointments skyrocketed. “There’s a mental health crisis …
Definity Financial Corp., the property and casualty insurer formerly known as Economical Mutual Insurance Co., is seeking to raise C$1.25 billion ($1 billion) in an initial public offering, following in the footsteps of other large Canadian insurers that have moved …
Sean Bourgeois, the chief executive officer of Tremor, often hears people say that his company’s reinsurance price optimization technology works best in a soft market, when there’s a lot of competition and everybody wants to be on programs. That’s incorrect, …
Each reinsurance renewal season sees brokers feverishly chasing down the best premium prices in the market. Frequently, when the panel of reinsurers offer their submissions for a slice of treaty, the broker will discover that the treaty is oversubscribed and …
Chaucer, the London-based specialty re/insurance group, and parametric insurtech startup, Yokahu, are launching a new microinsurance product, which will provide cover for hurricane events in the Caribbean. This new parametric product is designed to tackle the problem of underinsurance in …
Compre, the London-based specialist legacy group, announced the completion of its acquisition of a US$417 million legacy liability portfolio of SiriusPoint Ltd., having received all necessary regulatory approvals. The transaction, structured as a loss portfolio transfer, has been underwritten by …
Acrisure Re Appoints Wicks From Ed Broking, Arnott From Securis Acrisure Re, the reinsurance division of global insurance broker and fintech platform Acrisure, announced the appointments of Ian Wicks, as executive vice president, and Simon Arnott, as senior vice president, …
AXIS Capital Holdings is enacting a policy designed to ensure a more diverse base for its supplier networks. The Bermuda-based specialty insurer and reinsurer said its new Supplier Diversity Policy calls for working with certified Diverse Business Enterprises in its …
GLASGOW – The European Investment Bank and Allianz Global Investors said on Monday they plan to raise 500 million euros ($577.55 million) for a fund aimed at bolstering climate mitigation and adaptation in developing countries. The Emerging Market Climate Action …
GLASGOW – The fund arm of French insurer AXA said on Monday it would take a tougher line with oil and gas companies over their environmental impact, selling out of laggards after three years if their emissions-reduction plans were not …
