Underwriting
Evertas, a Cryptoasset Insurer, Obtains Bermuda Operating License
Cryptoasset insurer Evertas secured a license from the Bermuda Monetary Authority to start operating from the jurisdiction. Evertas' operations in Bermuda will now aim to start issuing policies for ...
With the COVID-19 Crisis, Global Insurers Pulled Firmly Into Uncharted Territory
Roger Federer and Rafael Nadal locked in spell-binding battle. Paul McCartney sharing a stage with Kendrick Lamar and Taylor Swift. The long-awaited 32nd Olympic Games. The list of canned ...
Global Investors, Politicians Spied on by Little-Known Indian Cyber Firm
A little-known Indian IT firm offered its hacking services to help clients spy on more than 10,000 email accounts over a period of seven years. New Delhi-based BellTroX InfoTech Services targeted ...
The Latest Launches From Praedicat and BHSI
Praedicat is debuting COVI19 litigation scenarios and a COVID-19 litigation tracker designed to help clients manage their exposure on casualty lines of business. Berkshire Hathaway Specialty ...
Lemonade Files Planned IPO Worth Up to $100M
Lemonade disclosed plans for an initial public offering worth as much as $100 million. The New York-based InsurTech has applied to use "LMND" as its ticker symbol for the New York Stock Exchange, ...
Willis Towers Watson Slapped With Shareholder Suits Over Its Planned Sale to Aon
There have been at least three shareholder lawsuits filed over the mega-deal that would have insurance broker Aon acquire rival Willis Towers Watson. The suits allege that Willis and its directors ...
Excluding Workers Comp, U.S. Commercial Insurance Saw Rapid Q1 Rate Hikes
U.S. commercial insurance prices climbed more than 6 percent in aggregate during the 2020 first quarter compared to the year, Willis Towers Watson's pricing survey for the sector. Price increases ...
UK Government Forms $12.5 Billion Reinsurance Backstop for Trade Credit Insurers
The UK government has created a £10 billion (US$12.5 billion) reinsurance scheme designed to help businesses during the COVID-19 pandemic by guaranteeing transactions insured by trade credit ...