UK Struggles to Adapt to Impact of Climate Change June 18, 2021 By Jessica Shankleman The UK is struggling to put in place adequate measures to deal with rising sea levels and warmer temperatures caused...
Paris-Based Insurtech Akur8 Raises $30 Million for International Expansion June 18, 2021 Akur8, the Paris-based insurtech firm that automates insurance pricing, has closed a Series B funding round of $30 million, bringing...
French Chef Seeks $1.9M from Allianz for Biz Income Losses During COVID Lockdowns June 17, 2021 By Alexandre Rajbhandari A French Michelin three-star chef is asking Allianz SE for 1.6 million euros ($1.9 million) in insurance claims for losses...
Goldman Sachs-Backed Broker Aston Lark Buys Premier Insurance Consultants June 17, 2021 Premier Insurance Consultants Ltd. is the latest brokerage to be snapped up by Aston Lark, the insurance broking consolidator backed...
People Moves: Howden Hires Sturani and Nanni from Aon; WTW’s Young to Head M&A at Hamilton; Ballantyne Brokers Adds 2 More Senior Roles June 17, 2021 Howden, the London-based international insurance broker, announced that Luigi Sturani has been appointed chief executive officer, Europe, along with Enrico...
Major Reinsurers Look to Exclude Coal from Treaty Policies, as Climate Pressure Grows June 17, 2021 By Carolyn Cohn and Simon Jessop Major reinsurers have already pulled back from providing bespoke cover for coal projects as part of efforts to meet global...
U.S. Pet Insurer Trupanion Plans Overseas Growth, Hiring Agria’s Wheeler to Lead Expansion June 17, 2021 Trupanion, the Seattle-based medical insurer for cats and dogs, announced it has hired Simon Wheeler as its executive vice president...
Court Orders IKEA to Pay $1.2M Fine for Spying on French Employees June 17, 2021 By Caroline Pailliez PARIS – A French court on Tuesday ordered IKEA to pay a 1 million euro ($1.2 million) fine for spying...
Investigation into Collapse of Mexico City Metro Rail Line Blames Structural Fault June 17, 2021 MEXICO CITY – Preliminary findings of an independent investigation into the deadly collapse of a Mexico City metro rail line...
U.S. Justice Department Files Suit to Block Aon’s Purchase of Willis Towers Watson June 16, 2021 Aon’s proposed $30 billion acquisition of Willis Towers Watson has hit a major roadblock, with the U.S. Department of Justice...