Reinsurance
The Latest Launches From Willis Towers Watson and Planck/Republic Indemnity
Willis Towers Watson said it is marketing an updated version of its Radar pricing software. Great American Insurance Group member Republic Indemnity has completed a pilot project with Planck, an ...
Three Aspen Execs Depart, Others Promoted; UK MGA Placed in Runoff
Aspen Insurance Holdings Ltd. disclosed the departure of some veteran executives and the promotion of a number of others as part of a broad revamp of its leadership and operations. The Bermuda-based ...
Tornado Surge Struck U.S. in April; Strong Storms Also Hit Other Global Locales
An elevated number of tornadoes in the U.S. contributed to a substantive list of global natural catastrophes in April, according to Aon's latest monthly Global Catastrophe Recap report. Standout ...
Weather Network/Analytics Startup Eyes Global Growth With New $5.25M Financing Round
Understory – a weather network and analytics startup interested in insurance customers – has raised $5.25 million in new financings. Plans call for using the cash infusion to accelerate global ...
Carriers Over-Reliant on Federal Reinsurance Program Risk Ratings Downgrades: A.M. Best
A.M. Best warns that property/casualty insurers face the risk of rating downgrades if the U.S.-based federal terrorism reinsurance program isn't renewed by the end of 2020, and carriers are found to ...
InsurTech Investments Break Further Records in Q1
InsurTech investors worldwide executed the highest number of transactions, the highest number of property/casualty transactions, and the highest volume of Series B and Series C funding rounds during ...
A New Brexit Referendum? Liberal Democrats See Possibility
Is Prime Minister Theresa May mulling a second referendum on Brexit? Liberal Democrat leader Vince Cable certainly seems to think so. Out canvassing for the May 23 European elections in a leafy ...
A Weak El Nino Should Linger Through August, Possibly Easing Hurricane Threats
The weak El Nino pattern that's been influencing global weather will probably stick around through August, likely bringing rain to Brazil's coffee fields while drying India's monsoon and possibly ...