ZURICH — Credit Suisse has filed five insurance claims related to $1.17 billion in exposure across two of its Greensill-linked supply chain finance funds, the bank said on Thursday. As of Dec. 31, it had filed five claims related to …
KYND, the London-based provider of cyber risk management solutions for the insurance industry, announced a £3.25 million ($4.4 million) investment from BGF, a growth capital investor. The insurtech will use the investment to accelerate its growth and global expansion plans, …
The Dutch wing of environmental group Friends of the Earth, which won a landmark court case against Royal Dutch Shell last year, demanded 30 corporations publish plans for big cuts in greenhouse gas emissions in a campaign launched on Thursday. …
The trailing impacts of premium and loss trends on the books of property/casualty reinsurers makes the 2022 outlook for reinsurers rosier than the profit outlook for primary insurers, a Fitch Rating analyst said. Longer term, a prolonged period of inflation …
Specialist Risk Group (SRG), the London-headquartered broker, has entered into an agreement to acquire Bridge Insurance Brokers’ Special Risks team. The London-based team, led by Jonathan Starkey and David Walker, has deep expertise in arranging insurance programs for businesses operating …
Chicago-based investor Agman has announced the launch of Aurenity, a new tech-enabled Managing General Agent (MGA) targeting the Excess and Surplus (E&S) market. Aurenity will deploy underwriting analytics to determine technical pricing for E&S exposures, delivering sustainable profitability for its …
CHENNAI – Apple Inc supplier Foxconn restarted production at its plant in southern India on Wednesday, a company official said, over three weeks after it was closed because of protests over workers falling sick. The company official, speaking to Reuters …
A coronavirus pandemic which lasts five years, another pandemic in a decade, and ever more transmissible variants are among the scenarios life insurers are predicting after COVID-19 claims jumped more than expected in 2021. The global life insurance industry was …
An Iowa state panel on Jan. 11 approved settlements of two sexual harassment lawsuits filed by employees who alleged they were mistreated at work. The State Appeal Board approved a $962,500 settlement with Jennifer Jackson, who alleged in a February …
Private insurers, not just the state-run Citizens Property Insurance Corp., would be eligible for reimbursement from a hurricane catastrophe fund for policies they assume from insolvent carriers, under a bill approved by a Florida Senate committee Wednesday. The Senate Banking …
