Industry News
Executives On The Move at AXA XL and AmTrust
AXA XL named a former Marsh and MacLennan executive to lead its aviation insurance business in Canada. AmTrust International announced two key senior underwriting appointments to its 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 ...
SCOR Chooses Ribadeau-Dumas as Next CEO, Succeeding Kessler
The SCOR board of directors unanimously chose Benoît Ribadeau-Dumas as the next chief executive officer of SCOR, succeeding Denis Kessler, SCOR's current chairman and CEO. Ribadeau-Dumas will become ...
Lemonade Wins Right to Use Signature Pink in France
Lemonade said it has won one battle in its ongoing fight to use its signature pink in the European Union. The digital insurer said it came out on top in a key ruling against Deutsche Telekom ...
Lloyd’s Takes Step to End Insurance and Investments in Coal
The Lloyd's market is moving to end its insurance of coal and oil sands businesses while at the same time ceasing investments in such carbon-producing assets by Jan. 1, 2022. As part of its plan to ...
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 ...