International
Sharing Economy Booming in China: Latest Wave Includes Umbrellas, Basketballs
Fancy shooting some hoops, but don't have a basketball? Caught in the rain with no umbrella? Smartphone run out of juice? China's rapidly expanding "sharing economy," which already provides car rides ...
Munich Re, Aviva Ventures Invest in UK Connected Home InsurTech Neos
Neos, a UK connected home insurer, announced last week that it has secured a £5 million (roughly $6.4 million) series A investment led by Aviva Ventures together with strategic partner Munich Re. ...
For years, the insurance industry has been working to reduce the friction that slows down underwriting, claims, and servicing. Now,...
What Happens If United States Quits Climate Deal
Earth is likely to reach more dangerous levels of warming even sooner if the U.S. retreats from its pledge to cut carbon dioxide pollution, scientists said. That's because America contributes so much ...
Eastern European Nations Push for Soft Brexit Deal
Eastern members of the European Union are pushing for a soft separation with Britain, hoping that this would protect the rights of millions of east Europeans living and working there. Top policy ...
Zurich’s North America Commercial Insurance Arm Revamped to Include Specialty Products
Zurich North America's streamlining continues with another new change. The insurer's Specialty Products business is being brought together with its North America Commercial Insurance arm. Zurich, in ...
Three Lloyd’s Insurers Form Asia Political Risk Consortium
Three Lloyd's insurers have joined forces to form a Political Risk Consortium in Asia, offering increased capacity for a wide range of political and contract frustration risks. Beazley, Chaucer and ...
Executives On The Move at The Hartford, QBE and XL Catlin
The Hartford appointed a new chief operating officer for its property/casualty business. QBE is getting a new group chief financial officer. XL Catlin promoted someone to be chief underwriting ...
Swiss Re Placed $925M Catastrophe Bond for California Earthquake Authority
Swiss Re Capital Markets Corp. has successfully structured and placed the issuance of $925 million of insurance-linked securities for the California Earthquake Authority. Swiss Re Capital Markets ...