Arch Insurance International Renames Barbican Syndicate 1955 December 9, 2020 Arch Insurance International has announced the change of name of Barbican Syndicate 1955 to Arch Syndicate 1955, with effect from...
UK Insurtech Zego Buys Telematics Firm Drivit to ‘Revolutionize’ Insurance Pricing December 9, 2020 Zego, the London-based mobility insurance provider and the first UK insurtech to be awarded an insurance license, has acquired telematics...
Brit to Appoint RSA’s Wilkinson as Group CFO December 9, 2020 Brit Ltd. announced the appointment of Gavin Wilkinson as group chief financial officer. Wilkinson will start his new role in...
AM Best Assigns ‘A-‘ Rating to Newly Formed Conduit Reinsurance Ltd. December 9, 2020 AM Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of “a-” to...
Lemonade Launches in France in Its Third European Country December 9, 2020 Lemonade, the New York City-based insurance company powered by artificial intelligence and behavioral economics, has launched in France. The launch...
Munich Re to Halt Coverage for Events Canceled Due to Pandemics December 8, 2020 By Tom Sims German reinsurance group Munich Re will no longer insure against events canceled due to pandemics, a board member said on...
EU Tells London Banks, Insurers to Get Used to Limited Access December 8, 2020 By Huw Jones Britain’s huge financial sector will never again have the same access to the European Union as it did when the...
Global Reinsurance Sector Receives ‘Stable’ Market Outlook as Rates Keep Hardening December 8, 2020 By L.S. Howard The outlook of the global reinsurance sector is “stable,” which is mainly a reflection of hardening pricing conditions and tighter...
Canada Must Address Rising Costs of Natural Disasters, Says Research Group December 8, 2020 By Esteban Duarte Canada should accelerate measures, including financing mechanisms, to help governments, companies and individuals prepare for the rising costs of weather-related...
Guy Carpenter Appoints Former Gen Re Exec Toffanello as Head of Japan December 8, 2020 Guy Carpenter & Co., the reinsurance specialist and a business of Marsh & McLennan Cos., announced the appointment of Pietro...