International
Pricing Trends Are Helping Reinsurers Counter Major Claims Uncertainties
A principal negative factor affecting the reinsurance industry is the large amount of claims uncertainty, but positive tailwinds are offsetting these negative headwinds, creating a stable outlook for ...
Lloyd’s Aims to Make Ethnic Minorities a Third of Market’s New Hires
Lloyd's of London wants the commercial insurance market to recruit a third of its workforce from ethnic minorities, it said on Friday, as it attempts to improve diversity. Nearly 50,000 staff are ...
Digital Property Claims Marketplace Startup Wins ACORD’s InsurTech Innovation Challenge
ACORD, the global standards-setting body for the insurance industry, picked the startup handdii as the winner of its 2021 ACORD InsurTech Innovation Challenge New York. The winner is a digital ...
Climate Change Could Force 200 Million People to Abandon Their Homes by 2050
Climate change could push more than 200 million people to leave their homes in the next three decades and create migration hotspots unless urgent action is taken to reduce global emissions and bridge ...
Generali Reports Most Directors Want to Keep Donnet as CEO
Generali said a majority of its board members was in favor of keeping Chief Executive Philippe Donnet in his job for another mandate, as shareholders in Italy's biggest insurer spar over governance ...
Cyber Reinsurance MGA Envelop Risk Attracts $130M Infusion to Fuel Global Growth Plans
Envelop Risk, the UK-based cyber insurance/ reinsurance managing general agent, announced a Series B investment of $130 million, led by SoftBank Vision Fund 2. The financing will help Envelop Risk ...
InsurTech Five Sigma Raises $12M for Cloud-Based Claims Platform Expansion
Israel's Five Sigma raised $12 million to accelerate growth and expansion of its cloud-based claims platform. The investment firm 83North led the Series A round, which also included existing ...
Hurricane Ida Will be Historically Costly – One for the Record Books
Hurricane Ida will likely become one of the costliest U.S. mainland hurricanes on record both on a nominal and inflation-adjusted basis, according to Aon's monthly Global Catastrophe Recap report, ...