Riskcovry, an insurtech infrastructure platform, has launched the...
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Aon appoints Andy Marcell to serve as CEO of Global Solutions
Andy Marcell Marcell will remain as CEO of Reinsurance until John...
Sitharaman directs PSU general insurers to adopt AI-driven claim settlement systems swiftly, safeguard profitability
Finance minister Nirmala Sitharman chaired a review meeting of six...
Willis Towers Watson collaborates on world-first insurance protection for endangered Mesoamerican Coral Reef
The Mesoamerican Barrier Reef System is listed as critically endangered by the IUCN Red List of Ecosystems and is home to 65 species of coral and more than 500 species of fish, as well as many other protected marine species. Coastal wetlands, lagoons, mangrove forests, and seagrass beds also protect against storms and coastal erosion.
Sedgwick announces new leadership appointments in Australia
Kimberley Daley was recently named head of professional services, and now four new appointments join the Australia leadership team, including:
Leon Briggs as , head of property, Emma Levett as head of forensic advisory services, Margot De Villiers as head of marine, Johanna Agar as capability development manager.
Aon to sell its U.S. Retirement Business to Aquiline and its Aon Retiree Health Exchange Business to Alight
Aon and Willis Towers Watson have previously announced the divestiture of Willis Re, a set of Willis Towers Watson corporate risk and broking and health and benefits services, and Aon’s retirement and investment business in Germany.
Howden launches Parhelion, world’s first fully sustainable insurer
Against the backdrop of an insurance industry starved of truly sustainable capacity, Parhelion’s new and diversified ESG products will meet the risk financing needs of a greener economy.
The new business has been seeded by Howden and will match the surge in institutional capital seeking sustainable investment strategies with the growing demand from corporates looking for an insurance provider to support their journey towards ESG transition and a more resilient future.
At the end of 2020, over $40tn of assets globally were invested in ESG-aligned and sustainable impact strategies, nearly double the amount invested just four years earlier*, but very little has been deployed across the (re)insurance industry.
Willis Towers Watson launches new Sports and Entertainment Industry Group
Ian Tomlin, Head of Accident & Health, Willis Towers Watson commented, “We are excited to launch the Sports & Entertainment industry group, which will align a breadth of expertise across the network to offer the sector a new comprehensive, global approach to risk management. We are delighted to be working across the global sports industry as well as supporting event organisers and production companies in partnership with the Willis Towers Watson Leisure and Hospitality Practice.”
German ‘insurtech’ Wefox raises $650 mln at valuation of $3 bln
Wefox founder and CEO Julian Teicke told Reuters the Series C round had drawn strong investor demand because Wefox was growing both rapidly and more profitably than rival online insurers that are losing money.
He put that down to Wefox’s strategy of offering digital tools that enable insurance agents to streamline and automate labor intensive processes. Agents sell nine out of every 10 policies in Europe, leaving direct-to-consumer competitors like Lemonade fighting for a smaller piece of the market.
Lloyd’s to partner London Market Insurance Companies and DXC Technology to transform its digital processing
London: Lloyd’s, London Market Insurance Companies and DXC Technology partner to transform the technology and digital processing that powers the world’s largest insurance marketplace. Lloyd’s, DXC Technology, the Boards of the Lloyd’s...
Irdai slaps Rs 24 lakh penalty on Policybazaar for violating advertisement norm
Policybazaar said it had issued the SMS to keep their customers updated and not to mislead the customers. They also confirmed that they have stopped the SMS immediately on receipt of the Authority”s communication, Irdai said.
Howden acquires specialist medical and healthcare broker MPRS
Founded in 2014 by James Dunsby and Chesney Phelps, MPRS is an award-winning insurance broker for medical professionals and healthcare organisations across the UK. It provides accident & health, professional liability, medical malpractice, and commercial combined cover for general practice, private practice and GP federations.
Buffett’s Berkshire buys a $943 million stake in Aon
At Berkshire’s May 1 annual meeting, Buffett said his Omaha, Nebraska-based company would like to spend $70 billion or $80 billion, but would probably not get a chance until the market offered better values.