International
MGA InsurTech Foxquilt to Expand Business Offering Following $8 Million Financing Round
Foxquilt, a Toronto-based InsurTech, has raised an $8 million financing round that will support talent acquisition, product development, and further expansion across the U.S. and Canada. Luge Capital ...
The Great Return: London’s Financial Workers Come Back to the Office
On the lower floors of HSBC Holdings Plc's Canary Wharf headquarters, the desks are filling up. Traders, salespeople and close support staff not currently in the office have been told they are ...
Moody’s Closes $2B Acquisition of Cat Modeler RMS
Moody's Corp. reported that it has completed its acquisition of RMS, the climate and natural disaster risk modeling and analytics firm. In the transaction, originally announced on August 5, 2021. ...
The Plot Thickens in the Battle over Generali’s CEO
Two Italian tycoons who are leading investors in Generali are looking for allies after joining forces in a bid to have a say over the choice of the insurer's next chief executive, a document showed ...
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 ...