International
Envelop Risk, a Cyber Underwriting Firm, Raises $6 Million in VC Financing
Envelop Risk raised $6 million in new venture financing, money that will help fuel expansion for the UK-based cyber underwriting and risk analytics startup. AI-specialist investor Alpha Intelligence ...
The Latest Launches From Generali and BHSI
A unit of Generali is teaming with an InsurTech to develop parametric products that help close the growing insurance protection gap. Berkshire Hathaway Specialty Insurance said it is now providing ...
Fitch Ratings Issues Negative Outlook for PartnerRe
PartnerRe now has a negative outlook from Fitch Ratings, largely over concerns about potentially expanding coronavirus-related reinsurance claims. Fitch's decision comes less than a week after French ...
The Latest Launches From Coalition and Zego/RSA
Coalition is expanding its small business cyber insurance offering to Canada-based companies. London-based InsurTech Zego has expanded its partnership with RSA Insurance to provide flexible cover for ...
U.S. Issues Advisory to Help Ship Owners, Insurers Avoid Sanctions Penalties
The Trump administration on Thursday issued guidelines to help ship owners and insurers avoid the risks of sanctions penalties, standards that maritime players and a senior State Department official ...
Lloyd’s COVID-19 Claims Payouts to Rival 9/11 Terror Attacks
Lloyd's of London revealed it will pay claims in the range of $3 billion to $4.3 billion as a result of the COVID-19 pandemic. This payout is on par with the Sept. 11 terrorist attacks, which cost ...
Multiple InsurTech Consolidation Pressures Are Underway: Brewer Lane’s Notaras
Before the coronavirus pandemic, observers were expecting InsurTech startups to begin a consolidation process as they matured and looked at long-term viability. In the COVID-19 era, mergers and ...
AXIS Hit With S&P Outlook Downgrade Over Underperformance Concerns
AXIS Capital Holdings' lower-than-expected 2020 first-quarter earnings has now led to a negative ratings outlook from Standard & Poor's. The S&P action, which downgraded from a stable ...