Markets
InsurTech Firm Wefox, Other German Startups Seek European Approach to Corona Tracing App
Europe should not cede its sovereignty to Silicon Valley when it comes to using technology to help trace those at risk of coronavirus infection, the German developers of a smartphone app said on ...
A Crisis Manager on How the P/C Insurance Industry Can Maximize Its Coronavirus Response
"I'm shocked, just shocked that you're suggesting that during a crisis that insurance companies might, in fact, be considered the villains. I've never heard that before." That's Richard Levick ...
Sompo International Leaving Lloyd’s; Consolidating to London Company Market Platform
Sompo International Holdings Ltd., a Bermuda-based specialty provider of property/casualty insurance and reinsurance, announced that as part of the ongoing transformation of Sompo International, the ...
Pandemic Bonds Get Stay of Execution but Their Future Remains Uncertain
A ruling last week not to wipe out holders of a World Bank financial instrument providing emergency funds to poor countries in a pandemic, was just a stay of execution if bond markets are to be ...
A Global Pandemic Hasn’t Changed the Mission of InsurTechs and Insurers to Help Their Customers
We're living through unprecedented times. Just a few short months ago, no one had ever heard of COVID-19. Now, a simple trip to the grocery story is an existential threat. Most of us are sheltering ...
Progressive’s Monthly Financial Report Shows Early COVID Impacts
Progressive Corporation released a monthly earnings report for March 2020 yesterday, providing some early signs of the premium and loss ratio impacts of COVID-19 shelter-at-home restrictions for ...
Corvus Insurance Hires Former Execs From Beazley, Hiscox and Zurich
Corvus Insurance is adding to its executive team with veteran executives from Beazley, Hiscox and Zurich. The Boston-based InsurTech startup's hires come as experienced 20 percent growth already in ...
Executives On The Move at Beazley and Willis Towers Watson
Beazley appointed a new global head of cyber & executive risk, effective July 2020. Willis Towers Watson hired a new senior director in its Climate and Resilience Hub.