International
Covea to Acquire PartnerRe From EXOR for $9 Billion
EXOR has agreed to sell PartnerRe to French mutual insurer Covéa, a move that is turning out to be a very profitable thing for the Italian investment firm. EXOR bought the Bermuda-based reinsurer in ...
Swiss Re Will Make UBS CEO Ermotti Its Chairman in 2021
Swiss Re plans to make UBS Group Chief Executive Sergio Ermotti its chairman from next year, the world's second-biggest reinsurer said on Tuesday, turning to a financial industry veteran with scant ...
Parametric Insurance Offers Hotels Some Relief From Coronavirus Event Cancellations
Organizers of events called off because of the coronavirus are likely to miss out on insurance payouts because typical policies do not cover epidemic outbreaks. Hotels hit by cancellations may fare ...
The Latest Launches From Lloyd’s, Sompo International and Beazley
Lloyd's now offers an insurance policy to protect cryptocurrency held in online wallets against theft or other malicious hacks. Sompo International Holdings Ltd. said one of its U.S. units partnered ...
Global Insurers, Reinsurers Face Coronavirus Outbreak Exposures: Moody’s
Global insurers and reinsurers are exposed to the coronavirus outbreak directly through a potential spike in claims, and indirectly through the impact on economic growth and the resultant financial ...
Presenting HSB: The New Name for Munich Re’s Hartford Steam Boiler
Munich Re's Hartford Steam Boiler is formally rebranding itself with a new name – an acronym of the moniker it has had for 154 years. The Connecticut-based specialty insurer will now be known ...
Unqork, a No-Code InsurTech Software Startup, Raises Major Financing Round
Unqork has raised $51 million in new financing, money it plans to use to fuel additional growth and expansion for its no-code application platform that helps large businesses rapidly build complex ...
VW Reaches $900M Settlement With German Consumer Group Over Diesel Scandal
Volkswagen and a major German consumer group said on Friday that they had reached an 830 million euro ($902.04 million) agreement in a class action lawsuit over the carmaker's rigging of diesel ...