Global P/C Premiums Likely to Double by 2040, but Motor Growth Will Slow: Swiss Re September 8, 2021 By L.S. Howard Global property/casualty premiums are expected to more than double to US$4.3 trillion in 2040 from US$1.8 trillion in 2020 –...
After Huge Wildfires, Greece Creates Climate Crisis Ministry September 8, 2021 By Derek Gatopoulos Greece’s center-right government has created a new ministry to address the impact of climate change and named former European Union...
Marshmallow, Black-Founded Insurtech, Is Now a Unicorn September 8, 2021 By Carolyn Cohn Digital motor insurer Marshmallow has raised $85 million from investors, valuing it at more than $1.25 billion and making it...
Credit Suisse Begins Filing Insurance Claims Over Greensill-Linked Funds September 8, 2021 By Brenna Hughes Neghaiwi A first insurance claim has been filed and more are being prepared in Credit Suisse’s efforts to recover funds from...
Global Reinsurance Rates, Demand to Continue Rising in 2022 September 7, 2021 By Carolyn Cohn Global reinsurance rates are likely to continue rising next year after several years of increases, though the pace of increase...
German Regulators Begin Investigation Into Allianz U.S. Investment Funds September 7, 2021 By Tom Sims German regulators have launched an investigation into the country’s biggest financial company, Allianz, after the demise of some of its...
German Climate Groups Plan Legal Action Against Automakers, Wintershall September 7, 2021 Greenpeace and German environmental NGO Deutsche Umwelthilfe (DUH) will take legal action against BMW, Daimler’s Mercedes-Benz , Volkswagen and gas...
Trinidad and Tobago Gets CCRIF Payment of $2.4M for August Heavy Rains, Flooding September 7, 2021 The Caribbean Catastrophe Risk Insurance Facility has made a payout of approximately US$2.4 million to the government of Trinidad and...
Vantage Expands Into Healthcare, Excess Casualty in Bermuda, U.S. September 6, 2021 Bermuda’s Vantage Group Holdings Ltd. is introducing new product offerings in healthcare and excess casualty. Vantage was established in late...
Russia’s Renaissance Insurance Plans $1 Billion IPO in Moscow: Reuters September 6, 2021 Renaissance Insurance Group is planning to hold an initial public offering on the Moscow Exchange potentially as early as this...