International
InsurTechs Targeting Car Insurance Comparisons, Reinsurance and Income Protection Raised New Financing
Jerry, a digital car insurance comparison-and-buy startup, raised $75 million in new financing designed to fuel a broader expansion. Vesttoo, an Alternative Reinsurance and Investment platform, ...
Munich Re Said It Will Meet 2021 Profit Goals Even as COVID-19 Costs Grow
German reinsurance group Munich Re said on Tuesday it would meet its 2021 profit goal as it raised its forecast for gross premiums and predicted higher pandemic-related losses than previously ...
Amazon Will Pay Shoppers Injured by Others’ Products Without Admitting Liability
Amazon.com Inc on Tuesday said it would pay customers who suffer injuries or property damage from defective goods others sell on its U.S. platform, in a new policy that could reduce litigation. For ...
China’s Unpredictable Regulatory Measures Make Investors Wary
The unpredictability of China's regulatory measures make the country unappealing to foreign investors in the short-term, following its latest crackdowns on the technology, property and education ...
Brookfield Asset Management’s Reinsurance Unit Will Acquire American National for $5.1B
Brookfield Asset Management Inc's reinsurance unit has agreed to buy insurer American National Group Inc for about $5.1 billion in an all-cash deal, the companies said on Monday. Started in 1905 by ...
Lemonade Customer Base Now Surpasses 1.2M; Q2 Losses Land Above $55M
Lemonade's customer base continues to climb in the 2021 second quarter, with that number now surpassing 1.2 million. In contrast, the New York-based digital insurer reported nearly 814,200 customers ...
Allianz CEO Baete Recaps ‘Horrible Week’ Regarding U.S. DOJ Fund Division Probe
Oliver Baete, chief executive officer of Germany's Allianz, on Friday spoke of a "horrible week" for him and the insurer, his first response to a disclosure that the U.S. Department of Justice was ...