Monday, October 11, 2021
According to S&P Global Ratings’ recent report, global multiline insurers have lost US$8 billion in 2020 as a result of the COVID-19 pandemic. S&P Global Ratings tracked and calculated the net income for 16 GMIs. That income dropped by approximately...
On May 7, 2021, AIG tops the first-quarter revenue target. Good results in its insurance policies and life and retirement divisions offset the impact of storms and coronavirus-related casualty cases. In the third quarter, the firm earned $73 million in...
Prior to its release of initial public offerings (IPO), Chinese online insurance firm Waterdrop Inc. is receiving some scrutiny from the China Banking and Insurance Regulatory Commission (CBIRC), reported Reuters. The pushback is caused by its supposedly risky business...
Australian company Stella Insurance is looking to expand its female-focused offerings by launching coverage for other products said Insurance News. The firm seeks to further take a look at women’s “attitude to risk” to create more opportunities for both...
GroupAssur, a Managing General Agent in Canada that offers property and casualty insurance, merged with Evolution Insurance, and a wholesaler firm in Quebec that provides risk programs and services. The majority of GroupAssur’s interest is owned by Novacap, one of...
German digital bank and financial technology startup N26 is finally venturing into the insurance sector with the launch of its new N26 Insurance. According to Pymnts, the company will reportedly team up with Berlin-based Simplesurance to brings its products...
Clearcover, the digital car insurance startup, revealed on Tuesday that it has secured $200 million in a Series D funding round led by Eldridge, the venture fund of Todd Boehly’s Los Angeles Dodgers. The insurance company headquartered in Chicago did...
Mitsui Sumitomo Insurance expects to invest up to 500 billion yen in acquisitions between now and 2023. It is building an M&A fund centered on North America. Due to a challenging earnings situation in Japan, the Japanese insurance firm aims...
Electric vehicle manufacturer Tesla Inc. is looking to roll out its offshoot insurance business outside of California to accommodate more customers in different states. Tesla Insurance, which was launched in 2019, offers comprehensive auto insurance for those who own models...
Specialty insurer and newcomer Mosaic Insurance has entered the market to provide war, terrorism, and political unrest coverage reported Insurance Business Magazine. These products can be considered primary, excess, or quota share insurance. This new insurer has offices in London...

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