Specialty
South African Insurer Ends Further Challenge of Liability Ruling Over Virus Insurance Claims
South African insurer Guardrisk will not further challenge a court process that has found it liable to pay clients' rejected coronavirus-related claims, it said late on Thursday. Guardrisk, the ...
The First (Of Many) Coronavirus Business Interruption Trials Is Now Underway
The owners of a restaurant in the heart of the New Orleans French Quarter are asking a Louisiana judge to order some Lloyd's of London insurers to cover losses from the Covid-19 outbreak — the ...
Higher Cargo Insurance Rates, New Risks Aplenty With COVID Vaccine Rollout
Speedy global delivery of COVID-19 vaccines by air and sea in ultra cold conditions will lead to a jump in cargo insurance rates and spur demand for new areas of coverage, leaving underwriters on ...
High-End Home Insurance MGA Openly Secures $40M VC Round for National Expansion
Openly, an InsurTech MGA focused on high-end homeowners insurance, raised a $40 million round of venture capital from multiple investors. The new investment will fuel a national expansion, hiring and ...
EU Regulator Seeks More Hands-On Approach to Insurer Capital
The European Union's capital rules for insurers need changing to reflect low interest rates and provide stronger intervention powers like banning dividends to preserve solvency during market shocks, ...
Insurance M&A Rebounds, With Trend Continuing Into 2021: PwC
Insurance M&A deals rebounded from COVID-19 challenges in the second half of 2020. The trend should continue well into 2021 as companies unload non-core assets and purse cost-effective ...
Executives On The Move at AXIS Insurance and Tokio Marine HCC
Four insurance industry veterans joined AXIS Insurance as senior underwriters within its U.S. Excess and Surplus Property team. Tokio Marine HHC named a new vice president of Cyber and Tech ...
Generali Embraces the Cloud in Accenture Joint Venture
Generali Group formed a joint venture with technology consultancy Accenture that's designed to accelerate its migration to the cloud in an ongoing innovation and digitization plan. Generali said it ...