International
Swiss Re, Auto Maker Daimler Launch MGA Focused on Auto and Mobility Insurance
Swiss Re and Daimler Insurance Services are jointly launching a managing general agent focused on automotive and mobility insurance. Dubbed Movinx, the aim of the 50/50 joint venture is to develop ...
Insurers Express Confidence Over Vaccine Trial Coverage
The world is racing towards a vaccine in record time, stirring public concerns about safety to the extent that nine leading developers have felt compelled to issue a pledge to uphold scientific ...
Lloyd’s Reviews Insurance Contracts Due to COVID-19
Lloyd's of London is reviewing the way insurance products are designed and sold as it calls for simpler products in response to the coronavirus pandemic, the commercial insurance market said on ...
Insurers Accused by Olympics, USPOC of Holding up Nassar Sexual Abuse Settlement Talks
The United States Olympic and Paralympic Committee (USOPC) said on Friday it has filed a lawsuit against its insurance providers for failing to fulfill obligations in reaching a settlement with ...
The Latest Launches From Sompo International and Nexus
Sompo International Holdings Ltd. launched a new Directors and Officers Liability insurance policy form for publicly traded companies. Nexus, an independent specialty managing general agent, has ...
Arch Capital to Deepen Investment in Watford With $622M Acquisition
Arch Capital Group Ltd. said it would pay $622 million in cash for Watford Holdings, a Bermuda-based property/casualty insurer and reinsurer it already has a stake in and helped launch in 2014. ...
Exiting Insurers, Premium Hikes Pummel Canada’s Wounded Hospitality Business
Canadian hospitality businesses, already reeling from the downturn sparked by the coronavirus pandemic, are facing yet another existential threat as insurance companies spike premiums or exit the ...
London Company Market Premium Jumped 10 Percent in 2019
Premium income for the London company market grew by 10 percent last year with £21.4 billion ($27.7 billion) of large commercial and wholesale risks underwritten by firms in the City. A new report ...