News
Banks, Global Law Enforcement Battle COVID-19 Crime Wave
Fraud risk analyst Rajendran Raj was used to the odd out-of-hours alert from authorities, but a call one Saturday in March heralded a new era, of tackling criminals seeking to cash in on coronavirus. ...
UK Travel Insurance Startup Raises $12M; U.S. Headquarters Planned
UK startup battleface Inc., a company that specializes in tech-enabled global travel insurance, raised $12 million in new venture capital financing designed to fuel growth, market expansion and ...
A Surge in Insurance Policies for M&A Deals Gone Wrong
A record rebound in merger activity this year and a rise in litigation has brought with it an upsurge in insurance policies that give companies and private equity firms cover for when a deal goes ...
Zurich, Farmers to Pay Nearly $4B for MetLife’s U.S. P/C Biz
Zurich Insurance and Farmers Exchanges have agreed to buy MetLife's U.S. property and casualty business for $3.94 billion, the insurers said on Friday, after the COVID-19 pandemic made motor and home ...
Zurich Private-Public Pandemic Option Gives Carriers Choice In Risk Share
Adding to the mix of ideas for a public-private pandemic risk partnerships between insurers and the federal government, Zurich is proposing a plan that gives insurers a role—and a say in how much ...
Eta and Iota Hurt, Causing $9B in Economic Losses: Aon
North American hurricane landfalls in November added about $9 billion to the total Atlantic seasonal financial toll in terms of catastrophe losses, Aon said in its latest Global Catastrophe Recap ...
La Niña Should Stick Around Through March 2021
There is about a 95% chance of La Niña conditions prevailing through the Northern Hemisphere winter from January to March, a U.S. government weather forecaster said on Thursday. The La Niña pattern ...
‘Difficult Conditions’ Ahead for D&O Clients in 2021: Marsh
Buyers of directors and officers liability coverage are expected to face "difficult conditions" in the U.S. well into 2021, Marsh has concluded in a new report evaluating the sector. That means ...