U.S.
Pie Insurance Raises $118M From Allianz and More
Pie Insurance has pulled in $118 million in new funding, with the workers compensation provider attracting financing from Allianz and others. Executives at the Denver-based InsurTech will use the ...
The Latest Launches From Lloyd’s, Amwins and Kin
Lloyd's launched a parametric earthquake insurance policy in New Zealand. Amwins Specialty Logistics Underwriters is expanding into the Canadian market to serve Canada's growing logistics industry. ...
Global Reinsurance Capital Rebounded in Face of Pandemic Challenges: A.M. Best
Global reinsurance capital rebounded to traditional levels at the end of 2020, despite profound challenges caused by the global coronavirus pandemic. Specifically, capital levels for global ...
CNA Struck by ‘Sophisticated Cybersecurity Attack’
CNA is investigating a "sophisticated cybersecurity attack" the commercial lines insurer said disrupted its network and impacted corporate email and other systems. The commercial insurer said it ...
Presenting: The World’s First CAT Bond for Volcanic Eruptions
The Danish Red Cross is offering the world's first catastrophe bond for volcanic eruptions, which is designed to improve the provision and efficiency of humanitarian relief after eruptions of 10 ...
AIG Debuts Lodging Cover for International Travelers Stuck With Positive COVID Tests
American International Group's travel insurance unit has started marking lodging coverage for travelers prevented from boarding a commercial flight to the U.S. after receiving a positive COVID-19 ...
UFG Insurance Will Diversify Risk Profile Through U.S. Reinsurance Expansion
UFG Insurance is looking to diversify across the U.S. by expanding into assumed reinsurance business – partly via quota share arrangements, such as the recently announced deal with Topsail Re, a ...
Counterpart Pulls in $10M to Expand Management Liability Insurance Platform
Counterpart raised $10 million in financing designed to help fuel growth of its management liability insurance platform. Valor Equity Partners led the Los Angeles-based MGA InsurTech's financing. ...