International
UK Insurer Brit, Google Team on First Fully Digital Lloyd’s Syndicate
Brit Ltd. and Google Cloud are partnering on the launch of Ki—what is being billed as the first fully digital and algorithmically driven Lloyd's syndicate. Debuting in 2021, Ki will be a ...
Left at the Altar: Covea Abandons $9B Purchase of Exor’s PartnerRe
French insurer Covea has walked away from its planned $9 billion purchase of PartnerRe, the Bermuda-based reinsurer owned by Exor, the holding firm of Italy's Agnelli family, saying it could no ...
Commercial Insurance Rates Climb 14 Percent in Q1: Marsh
Global average commercial insurance prices increased 14% in the first quarter of 2020 – but the rate hikes were not due to the COVID-19 pandemic, according to insurance broker Marsh in its ...
Allianz Solvency Ratio Dealt Disruption From COV-19 Crisis Costs
German insurer Allianz said on Tuesday that a key measure of capital may fall below the company's target floor level as it faces claims for disruption caused by the coronavirus crisis. Allianz, which ...
Zurich’s Gerber, a Forward-Looking Former CEO, Has Died
Fritz Gerber, a legendary former leader of Zurich Insurance Group, has died. Gerber was 91. He passed away on May 10, 2020, according to the company, which did not disclose further details. "Fritz ...
Commercial Insurers Likely to Endure Major Losses Through Much of 2021: Fitch
While insurance rates have risen for nine consecutive quarters due to large catastrophe losses and accelerating claims inflation, Fitch Ratings expects that technical profits won't be seen until the ...
EU Regulator Urges National Governments to Provide Insurance for Future Lockdowns
National governments must help provide insurance cover for future lockdowns, the industry's European Union regulator said on Monday, as the private sector cannot afford to provide such broad coverage ...
Cryptocurrency Investor Sues Teen for $71.4M Over Alleged Swindle
A U.S. cryptocurrency investor on Thursday sued a suburban New York high school senior, accusing the 18-year-old of being the mastermind and ringleader of a cybercrime scheme that defrauded him out ...