International
COVID-19 Will Make Reinsurers Lose More Money in 2020: S&P
Reinsurers globally will lose money in 2020, a reality Standard & Poor's said COVID-19-related losses stand to make worse. What's more, the level of red ink could worsen substantially depending ...
Google Reportedly Likely to Face Antitrust Suits From U.S. State Attorneys General
A group of state attorneys general led by Texas are likely to file an antitrust lawsuit against Alphabet Inc's Google and are working on potential litigation for later this year, a person familiar ...
For Third Point Re, COVID-19 Hurts, but Underwriting Profit Reached for First Time
Third Point Re reported a net loss of $183.6 million for the first quarter of 2020 due to COVID-19-related investment volatility – but the company still had big reasons to celebrate. For the first ...
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 ...