News
Insurance
London-based insurtech Kinsu, which provided insurance for laptop, phones, bicycles, and other home contents, has announced that it is exiting the market "after an awesome year of fundraising". 29 March 2019
Insurance
PERILS, the independent company that provides data to the insurance industry, has taken over the management of the CRESTA secretariat, a global data standard applied to the exchange of insurance information—in a move that will boost the company’s own offering, PERILS CEO Luzi Hitz, told Monte Carlo Today. 11 September 2018
Insurance
US-based broker Arthur J Gallagher has increased revenues and reported a jump in earnings in its brokerage business and in the group earnings. 27 July 2018
Insurance
The International Underwriting Association (IUA) has published a new Brexit contract continuity clause with a supporting document for when risks are underwritten on a subscription market basis. 27 July 2018
Insurance
Bermuda-based Sirius International Insurance Group has entered into equity subscription agreements with affiliated funds of Gallatin Point Capital, The Carlyle Group, Centerbridge Partners, and Bain Capital Credit. 31 August 2018
Insurance
In an ongoing dispute, Voce Capital Management, a shareholder of Argo Group, has questioned the legality of the re/insurer's appointment of two independent board directors. 29 March 2019
Insurance
The London Insurance and International Brokers Association (LIIBA) is calling for its members to prepare for the possibility that the UK will leave the EU without a trade deal. 25 July 2018
Insurance
US life/annuity insurers have increased the aggregate face amount of policies ceded to reinsurers by 83 percent since 2006, to $28 trillion, according to AM Best. 18 January 2018
Insurance
The Bermuda Monetary Authority (BMA) has warned about the risks involved when companies raise funds through cryptocurrencies such as bitcoin. 18 January 2018
Insurance
Protectionism is on the rise and could result in a global recession if current actions morph into a fully-fledged trade war, Swiss Re has warned. A longer-term decline in trade will hit marine and trade credit insurance premium growth hardest, the reinsurer noted in a report titled “Protectionism on the rise, and here to stay”. 27 September 2018
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