Commercial Lines
The Latest Launches From Munich Re’s HSB, Brit Ld. and KCC
Munich Re's HSB Canada launched a collection of cyber insurance and services designed to protect small and medium-size businesses. Brit Ltd., the London-based specialty insurer and reinsurer, has ...
EU Eases Insurance Rules With $141 Billion Economic Boost
The European Union proposed changing the bloc's capital rules for insurers on Wednesday to release 120 billion euros ($141 billion) for repairing an economy hit by COVID and to meet climate goals ...
Zurich Joins $10 Million Venture Round for Cyber InsurTech BOXX; Partnership Planned
Zurich Insurance has joined a $10 million venture investment round for BOXX, a Toronto-based cyber insurer for small businesses, individuals and families. The startup said it has also formed a global ...
Insurer M&A Activity Up — But Not for P/C Sector
Most insurance sectors saw an increase in merger and acquisition activity in the first half of 2021, according to Deloitte's latest Midyear Insurance M&A Outlook. The number of M&A deals is ...
Staffing Crunch Makes Risk Assessment a Challenge for Commercial Insurers
Over the past two years, the challenges prompted by the COVID-19 pandemic have forced businesses to scramble as new issues arise almost every day. The one challenge that has remained stagnant is the ...
Mutual Insurers Returned Nearly $13B in Premiums Through 2020
Mutual insurers returned nearly $13 billion in premiums through 2020 in response to policyholders' COVID-19-related challenges, and the sector ran at an underwriting loss as a result. Still, the ...
Executives On The Move at AXA XL and Policygenius
AXA XL is having one of its executives take on additional responsibilities as its new Marine Liabilities Global Practice Leader. Online insurance marketplace Policygenius hired a new Head of Customer ...
RIMS Wants Attendees at Future Events to Provide COVID-19 Vaccination Proof
The insurance industry trade group RIMS now requires anyone attending its events in the coming months to provide they're fully-vaccinated for COV-19. RIMS said the requirement is effective ...