Zego Becomes UK’s 1st Insurtech Unicorn After Fundraising Values Company at $1.1B March 10, 2021 Commercial mobility insurer Zego has become the UK’s first insurtech unicorn after raising $150 million, valuing the company at $1.1...
Total Pandemic Losses for P/C Insurers Will Take Years to Determine: Fitch March 10, 2021 By Fitch Ratings Incurred pandemic losses for U.S. property/casualty insurers increased only modestly in fourth quarter of 2020 from earlier quarters in the...
Biopharmaceutical Company to Pay $600K to Settle Alleged Clean Air Act Violations March 10, 2021 A global biopharmaceutical company has agreed to pay $600,000 and limit its emissions of harmful air pollutants to settle allegations...
China’s Microsoft Hack, Russia’s SolarWinds Attack Threaten to Overwhelm U.S. March 10, 2021 By Ryan Gallagher, Kartikay Mehrotra and Jordan Robertson China’s global attack on Microsoft’s popular email software revealed last week and an equally sprawling Russian attack discovered three months...
Commodities Trader Mercuria Buys $36M of Copper, but Gets Cargo of Painted Rocks March 10, 2021 By Andy Hoffman Commodities trader Mercuria Energy Group Ltd. struck a deal last summer to buy $36 million of copper from a Turkish...
EU Prepares to Get Tougher on Asset Managers that ‘Greenwash’ Sustainable Credentials March 10, 2021 By Simon Jessop and Kate Abnett LONDON/BRUSSELS – For money managers and advisers keen to market their sustainable investing credentials to European clients, going green is...
The Hilb Group Acquires Rhode Island’s Compass Planners March 10, 2021 The Hilb Group LLC (THG) has acquired Rhode Island-based Compass Planners (CP). The transaction became effective on February 1, 2021....
Delaware Apartment Fire Displaces 40, Causes $1M in Damage March 10, 2021 More than 40 people have lost their home after a fire destroyed a Delaware apartment complex. The Delaware State Fire...
Tokio Marine Examines Validity of Greensill Insurance Policies Provided by Australia Unit March 10, 2021 TOKYO – Japanese insurer Tokio Marine Holdings Inc. said on Wednesday it is investigating the validity of insurance policies provided...
Marsh Names Barnes to New Global Sustainability, Climate Strategy Role March 10, 2021 Global insurance broker Marsh has appointed Amy Barnes to the newly created role of head of Sustainability and Climate Change...