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Tesla ends Musk D&O arrangement and secures conventional cover
The electric car manufacturer had earlier marketed the policy with an Elon Musk exclusion.
Samuel Casey
,
28 October 2020
InsurTech deal funding surges 63% to $2.5bn in Q3: Willis Re
Deal volume also spiked by 41% and included several high-profile transactions.
Anna Sagar
,
28 October 2020
Canopius taps investors for $400mn in Samsung-led raise
The Lloyd's (re)insurer will deploy some of the funds to build its US onshore presence.
Adam McNestrie
,
28 October 2020
Peak Re completes $250mn hybrid debt sale
Asian reinsurer looks to expand as prices increase.
Rachel Dalton
,
28 October 2020
MS Amlin Underwriting makes Slabbert CEO as Clementi steps down
The leadership switch follows a restructuring of the CUO function of the Lloyd’s business, and is the latest in a series of changes across the wider group.
Rachel Dalton
,
28 October 2020
Coverys considering closure for DTW Syndicate 1991
Trading has been suspended for the syndicate’s capacity in the remaining 2020 auctions.
Catrin Shi
,
28 October 2020
Aspen to re-enter professional liability
Bermudian’s Lloyd’s platform to begin underwriting class by early 2021.
Rachel Dalton
,
28 October 2020
Zeta could become Cat 2 before Louisiana landfall near New Orleans
The storm has gained strength after earlier forecasts put it at a Cat 1 landfall strike.
Jeff Kuntz
,
28 October 2020
Root prices IPO 8% above top of range to attain $6.7bn valuation
The carrier raises almost $655mn through the sale of new shares, while existing investors sell another $70mn of stock.
Samuel Casey
,
28 October 2020
Terrorism market shows early signs of turn but facilities drag on improvement
Rates on open market business are flat to 10% up, which could place increased scrutiny on broker facilities.
Anna Sagar
,
28 October 2020
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