Swiss Re Reports Better-Than-Expected Profit Despite Major Claims October 29, 2021 Reinsurance company Swiss Re said on Friday it swung to a better-than-expected net profit in the first nine months as...
Severe South Australia Storms Declared a Catastrophe by Insurance Council October 29, 2021 The Insurance Council of Australia (ICA) has declared an insurance catastrophe for parts of South Australia, which were hit by...
Amazon-Backed Indian Online Insurer Acko Valued at $1.1B in New Funding Round October 29, 2021 By Baiju Kalesh General Atlantic and local private equity firm Multiples Private Equity led a $225 million funding in Acko General Insurance, valuing...
SiriusPoint Forms Partnership with ESG-Focused Startup Parameter Climate October 29, 2021 SiriusPoint Ltd., the Bermuda-based specialty insurer and reinsurer, has announced a strategic partnership with Parameter Climate, a climate underwriting and...
EXOR Agrees to Sell PartnerRe to CovĂ©a for $9B, Reviving Last Year’s Collapsed Deal October 29, 2021 By Daniele Lepido The Agnelli family’s EXOR NV agreed to sell its PartnerRe reinsurance unit to France’s CovĂ©a for $9 billion, reviving a...
Bank of England to Push Banks, Insurers on Climate Risk Capital Requirements October 29, 2021 By Huw Jones The Bank of England will crack down from next year on banks and insurers that do not hold enough capital...
La Banque Postale Plans to Buy French Insurer CNP October 28, 2021 PARIS — The banking arm of French mail operator La Poste is planning to buy banking group BPCE’s stake in...
EU Cybersecurity Agency Warns of Threat From Hackers-for-Hire October 28, 2021 By Foo Yun Chee Hackers-for-hire emerged as the biggest threat to online security in the last 15 months, with the COVID-19 pandemic and home...
Reinsurers Increasingly Using ILS to Transfer Risks October 28, 2021 Reinsurers are increasingly relying on third-party capital to support their retrocession needs, in which they transfer risks they have assumed...
Lloyd’s Ups Climate Pledge, Vows to Push Members on Net Zero: Reuters October 28, 2021 By Simon Jessop and Carolyn Cohn Lloyd’s of London said on Thursday it would join peers in scaling up efforts to cut carbon emissions and push...