Risk
Allianz CEO Says Market Panic Over Coronavirus Isn’t Warranted
Markets are overreacting to the threat of the rapidly spreading coronavirus and the global economy will only see a short-term impact, said the head of Allianz SE, Europe's biggest insurer. Chief ...
The Latest Launches From Nationwide, Bold Penguin and Neptune Flood
Nationwide said it is beefing up its coverage of homeowners with connected devices through a new partnership with Notion. Bold Penguin, a commercial insurance technology provider, has added ...
AIG’s Blackboard Insurance Gains Virginia Approval for Commercial Insurance Cover
Blackboard Insurance disclosed it has gained approval of its commercial insurance package in Virginia, bringing its reach to 47 states and territories to date. The news represents a milestone for the ...
Arch Capital Acquires Minority Stake in Trade Credit Insurer Coface
Arch Capital Group Ltd. has purchased a minority stake in Coface, a trade credit insurer based in France. The transaction involves the acquisition of a 29.5 percent stake. Arch will pay €10.70 per ...
Wells Fargo Will Fork Over $3B to Settle Consumer Abuse Allegations
Wells Fargo & Co. will pay $3 billion to settle U.S. investigations into more than a decade of widespread consumer abuses under a deal that lets the scandal-ridden bank avoid criminal charges. ...
Dearly Departed InsurTechs: Expect Their Numbers to Rise
For every Lemonade and Root that launches with great fanfare, attracts hundreds of millions of dollars in venture funding and publicizes every facet of its growth, there are many InsurTechs that ...
Global Financial Firms Risk $1 Trillion in Losses if Slow to Act on Climate Change
The world's financial services sector risks losses of up to $1 trillion if it fails to respond quickly to climate change and is hit by policy shifts such as the introduction of a carbon tax, a new ...
Saudi Arabia Seeks to Raise Insurer Capital Requirements
Saudi Arabia is working on new regulations that would raise capital requirements for the kingdom's overcrowded insurance sector, its central bank governor said in an interview with Bloomberg TV. The ...