International
Carriers Rush to Exclude Coronavirus Epidemic From Event-Cancellation Policies
Businesses looking to buy cancellation insurance for events around the world will not be able to get cover for the new coronavirus outbreak, industry sources said, as insurers rush to exclude the ...
Kenyan Startup Sells Insurance Starting at $1 a Month
A Kenyan startup that offers insurance from as little as $1 a month is betting the market for small policies will eventually make money, even if the metrics are pointing in the other direction. "To ...
Arch Capital’s Net Income Grew; Insurance Combined Ratio Still Above 100
Arch Capital Group Ltd. ended 2019 with a number of things in its favor. The Bermuda-based insurer and reinsurer saw its net income climb significantly higher in the fourth quarter and its ...
Argo Warns of $114M Underwriting Loss, Extra Costs From Watson’s Departure
Argo Group International Holdings Ltd. is warning that its 2019 fourth quarter will feature some "unacceptable" results, particularly a $114 million underwriting loss. Separately, there are also ...
Brexit Update: Future BoE Head Urges UK and EU to Avoid Finance ‘Punch-Up’
Britain and the European Union must find a way to settle future differences over how Britain's huge finance industry can do business in the bloc without resorting to a "metaphorical punch-up," the ...
Average Commercial Insurance Prices Jumped 11 Percent in Q4: Marsh
Global average commercial insurance prices increased 11 percent in the fourth quarter of 2019, according to the Global Insurance Market Index released by insurance broker Marsh. The fourth-quarter ...
SkyWatch.AI, Starr Begin Usage-Based Drone Insurance in Canada
InsurTech SkyWatch.AI and Starr Insurance Companies have launched a usage-based drone insurance product in Canada. The coverage debuted in Ontario, Canada, and it includes on-demand hourly, monthly ...
Everest Re Improves Results With Premium Hikes and Investment Income
Everest Re Group reported a successful 2019 fourth quarter and year, driven largely by gains in insurance premiums and investment income. The Bermuda-based insurer and reinsurer reported $217.6 ...