Executives On The Move at Aspen, Hippo and Corvus
Aspen Insurance Holdings appointed a new Group Chief Investment Officer. Hippo brought on a new board member. Corvus Insurance named a new Head of Property and Cargo.
International
N26, a Fintech and On-Demand Insurer, Could Hit $10B Valuation in New Fundraising
N26 GmbH is holding discussions with investors to raise several hundred million dollars in a fundraising that could value the German fintech at about $10 billion, according to people familiar with ...
Flood Onslaught In Germany Could Break Records; Insurers Expect Costly Hit
Chancellor Angela Merkel pledged swift help backed by "all the power of the state" for people affected by devastating flooding in western Germany, where at least 42 people have died and dozens are ...
Executives On The Move at Chubb and AXA XL
Chubb made two senior appoints to its United Kingdom & Ireland Casualty team. AXA XL named a new senior underwriter,Political Risk, Credit & Bond in the UK & Lloyd's market.
P/C Insurers Plan to Boost Their Use of Actuarial Automation: Willis Towers Watson
Property/casualty insurers plan to accelerate their use of automation for actuarial work, a new Willis Towers Watson survey found. What's more, COVID-19 has been a major factor in the trend. The ...
Two InsurTechs Merge, With a Focus on Broadening Embedded Insurance Reach
Two InsurTechs plan to merge in an effort to more broadly tap into embedded insurance demand for travel and other e-commerce businesses. Seeto, which focuses on helping e-businesses build embedded ...
AIG Will Use IPO, Sale to Blackstone, to Unload Pieces of Life/Retirement Biz
American International Group Inc plans to use an IPO to sell part of its life and retirement business, while Blackstone Group Inc agreed to buy a sizeable stake, according to a person familiar with ...
AXIS Re Promotes Three Executives in Bid to Beef Up Product Leadership Efforts
AXIS Re promoted three executives - two to newly-created positions – as part of an effort to strengthen product leadership within the company. Simon Stirnemann has been promoted to AXIS Re Head of ...
Aviva Warns UK Government Safety Plan for High-Rise Buildings Could Push Away Investors
Aviva Plc, the UK insurer and asset manager, warned the government that new safety proposals for high-rise apartment blocks could steer institutional investors away from the residential property ...