Markets/Coverages: Apollo Launches Drone Insurance Facility in Partnership With MGA Moonrock February 14, 2023 Apollo, the London-based independent specialist insurer and reinsurer, is providing capacity to Moonrock Drone Insurance, designed to provide coverage for...
BMS Acquires Spanish Broker Viafina, a Surety Insurance Specialist February 14, 2023 BMS, the London-based independent specialty re/insurance broker, announced that BMS Iberia has signed a deal to acquire Seguros Viafina (Viafina),...
WV House Approves $105M for Gates-backed Green Energy Battery Plant February 14, 2023 Lawmakers in West Virginia’s House of Delegates on Friday greenlit an investment of $105 million in taxpayer dollars to support...
Ohio Train Derailment Prompts West Virginia Utility to Take Water Safety Steps February 14, 2023 A West Virginia water utility is enhancing its water treatment process as a precaution following the derailment of a train...
People Moves: AGCS Creates Delegated Authority, Portfolio & Facilities Team; WTW Bolsters Exposure Mgmt, Climate Analytics Unit; IQUW Hires Jiang for Political Risk February 14, 2023 This edition of International People Moves details appointments at Allianz Global Corporate & Specialty (AGCS), Willis Towers Watson (WTW), and...
J&J Talc Unit Faces Bankruptcy Judge After Tactic Rejected February 14, 2023 By Mike Spector Johnson & Johnson’s subsidiary shouldering talc-related lawsuits goes before a bankruptcy judge on Tuesday for the first time since a...
Earthquakes in Turkey to Cost Insurers More Than $1 Billion, Verisk Estimates February 14, 2023 Economic losses for the Feb. 6, 2023 earthquakes in Turkey will likely exceed US$20 billion, while insured losses will likely...
Cyclone Gabrielle Leaves Trail of Destruction Across New Zealand’s North Island February 14, 2023 By Tracy Withers Cyclone Gabrielle has started to track away from New Zealand after leaving a trail of destruction across large parts of...
Reuters: After Multi-Billion U.S. Fund Collapse, Allianz Shifts Investment Strategy February 14, 2023 By Tom Sims and John O'Donnell For years, Allianz, one of the world’s biggest investors, piled billions into property, wind farms and even London’s sewage system,...
Indian Insurtech Startup InsuranceDekho Raises $150 Million to Grow SME Business February 14, 2023 By Saritha Rai Indian fintech startup InsuranceDekho raised $150 million from a clutch of investors led by Goldman Sachs Asset Management, an unusually...