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Pie Insurance raises $127mn to found balance sheet carrier
The Sirius-backed InsurTech will look to buy up shell entities to expand.
Bernard Goyder
,
28 May 2020
Pen names insider Patel as head of cyber
The former actuary will report to head of international and financial lines Andrew Scott.
Samuel Casey
,
28 May 2020
ABI pegs UK Covid-19 claims at £1.7bn
Director general Huw Evans said some £900mn would go to businesses and £275mn to travel insurance.
Anna Sagar
,
28 May 2020
Brit enters high net worth market
The carrier will offer bespoke coverage with clients insured under a single policy.
Samuel Casey
,
28 May 2020
Construction market in a ‘state of suspended animation’
A decline in new business and uncertainties around Covid-19 are piling the pressure on the hardening market.
Anna Sagar
,
28 May 2020
Floridians reissue subscription pricing as hardening accelerates
Aggregate market pricing could now be up 30 percent, with distressed clients forced to pay considerably more.
Fiona Robertson
,
28 May 2020
Reinsurers will fail to earn cost of capital in 2020: Fitch
The ratings agency highlighted the dual impact of rising losses and turmoil in the financial markets.
John Hewitt Jones
,
28 May 2020
Tropical Storm Bertha downgraded to depression over South Carolina
Rainfall from Bertha is likely to worsen existing flooding in the region, the NHC warned today.
Bernard Goyder
,
28 May 2020
Times Square to go dark in support of BI lobby groups
Iconic billboards will go blank briefly at 21:00 on Wednesday to focus on the issue of coronavirus-related insurance claims.
John Hewitt Jones
,
28 May 2020
Bill to create $750bn pandemic backstop introduced in Congress
The measure is supported by over 30 companies and trade organisations from across different sectors.
John Hewitt Jones
,
28 May 2020
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