HK-Based Virtual Insurer OneDegree Raises $27M in Fresh Funding Round June 29, 2023 By Ka Ho Cheuk OneDegree Hong Kong Ltd., a virtual insurance firm, raised $27 million in a fresh funding round to fuel an Asia...
European Energy Developers Play Down Siemens Gamesa’s Wind Turbine Troubles June 29, 2023 Major wind power developers including Iberdrola, RWE, EDP Renovaveis and Orsted played down the impact of potential problems with Siemens...
Why the Investor-Driven Hard Reinsurance Market Will Persist in 2024 June 29, 2023 By Susanne Sclafane Reinsurers will continue to command adequate rates for property-catastrophe in 2024, even if the market comes through hurricane season unscathed,...
Italy’s Insurance Protection Gap Exposes State Finances to Natural Disasters June 29, 2023 By Alessandro Parodi, Alberto Chiumento and Andrea Mandala Lamberto Mongardi, a farm owner in the northern Italian town of Lugo, was hit twice when torrential rain lashed the...
Bank of England Proposes Further Reforms to Insurers’ Capital Rules to Cut Red Tape June 29, 2023 The Bank of England on Thursday proposed further reforms to capital rules for insurers in a step it said would...
People Moves: Tinubu Appoints Mignot CRO of Americas; Ledford Hired by McGriff June 29, 2023 Tinubu appoints Mignot as EVP, CRO Americas Tinubu promoted Stephan Mignot from senior vice president of Americas to executive vice...
Cancer Plaintiffs Drill Down on J&J’s Support for $8.9B Talc Deal June 29, 2023 By Dietrich Knauth The lead negotiators for Johnson & Johnson’s proposed $8.9 billion settlement of thousands of talc lawsuits faced intense questioning in...
‘Climate Washing’ Lawsuits Jump as More Activists Challenge Corporate Claims: Report June 29, 2023 By Tommy Wilkes “Climate washing” litigation has risen sharply in the last two years as environmental groups and governments grow frustrated with corporate...
Data for Insurance Discounts? Consumers Say No Thanks June 29, 2023 Newswise — Insurance companies have encouraged consumers to reduce their premiums by using monitoring technology for 25 years now, but...
Arbour National Becomes Majority Owner in Southern Trust Insurance June 29, 2023 North Carolina-based Arbour National, a privately held insurance holding company, has become majority owner in Southern Trust Insurance and it...