Lloyd’s Innovation Accelerator Focuses on COVID-19 Market Response with 3 Insurtechs July 8, 2020 Lloyd’s has started work with three insurtech startups to help the market respond to the COVID-19 pandemic. As part of...
QBE Sells Stake in India Insurance Joint Venture to Fintech Platform Paytm July 8, 2020 India’s financial technology platform Paytm is set to acquire Mumbai-based private sector general insurer Raheja QBE General Insurance Co. Ltd....
What ‘Follow the Fortunes’ Means for COVID-19 Reinsurance Claims July 8, 2020 By Susanne Sclafane How reinsurers will respond when cedents pay their insureds for COVID-related business interruptions remains an open question, legal and insurance...
Aviva’s New Boss Has One of Toughest Jobs in European Finance: Opinion July 8, 2020 By Chris Hughes, Bloomberg Opinion It’s time for someone else to have a go at one of the toughest jobs in European finance: deciding the...
AXA XL Names McGovern as CEO UK & Lloyd’s Market July 8, 2020 AXA XL announced that Sean McGovern has been appointed as CEO UK & Lloyd’s market, subject to regulatory approval. McGovern...
New Ventures Seize Opportunities as Insurers Cope with Coronavirus Losses July 8, 2020 By Carolyn Cohn Commercial insurers are facing hefty claims from the coronavirus crisis but are also seeing a steep rise in premiums –...
Beazley Launches Booking System for Virtual Broker Meetings in New Business Reality July 7, 2020 Specialist insurer Beazley has launched an online booking system to make it easier and quicker for brokers to arrange virtual...
Insured Losses for 2019/2020 Australia Bushfires Estimated at A$1.9B (US$1.3B): PERILS July 7, 2020 The insurance industry’s loss footprint for the Australian bushfires of 2019/2020 is estimated at A$1.9 billion (US$1.3 billion), according to...
Argo’s CFO to Depart as Insurer Updates Executive Leadership Team July 7, 2020 Argo Group International Holdings Ltd., the Bermuda-based specialty re/insurer, announced an update to senior leadership team responsibilities and the launch...
New Business Interruption Insurance Class Action Launched in Canada July 7, 2020 Koskie Minsky LLP and the Merchant Law Group have launched a proposed national class action lawsuit alleging that Canadian insurance...