Specialist Insurance broker McGill & Partners’s Analyst team has examined the situation of the aviation insurance market in 2021, mentioning that many firms will be pursuing further rate surges to balance the problems of the past year. The planes are…
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Covéa Insurance reveals collaboration with By Miles
Covéa Insurance has revealed its recent collaboration, procuring a deal with By Miles, a usage-based car insurance provider. The deal provides Covéa policyholders access to the comprehensive cover by pay by miles insurtech firm, which offers drivers a low fixed…
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CFC Underwriting reveals latest R&W solution for transatlantic M&A transactions
CFC Underwriting, Specialist Insurance Provider is enlarging its transaction liability services with the launch of the latest solution invented to support North American businesses acquiring European or the UK targeted companies. In a recent statement, CFC remarked that its latest…
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Fitch Ratings released a negative outlook for the UK life sector
Fitch Ratings has released a negative subdivision outlook for the UK life sector after determining that misselling provisions booked by three firms verified how regulatory scrutiny of historical conduct remains a danger to profitability. Fitch states that while high levels…
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Munich re forewarns about major losses due to winter storms
Munich Re the global reinsurer has forewarned that the losses in its property and casualty reinsurance sector from main events came in above average for the first quarter of 2021, largely due to the severe winter weather in the US…
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Arch Capital offers reinsurance capacity to Delos California wildfire cover
Arch Capital Group Ltd. Re/insurer company from Bermuda has decided to provide reinsurance capacity to Delos Insurance Solution to increase its coverage for wildfire exposed properties in California. The reinsurance capacity will be offered by Arch reinsurance Ltd and the…
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Insurtech Startup Sigo Raises $1.5M in Seed Funding to Lead Affordable Access to Auto Insurance
Sigo, a managing general agency providing underserved populations with less costly access to car insurance, is leveraging its newly secured funding to further serve the left out section of immigrants and Latinx customers. The $1.5M seed round, with participation from Amicle Capital,…
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Core Speciality Insurance pronounced underwriting arrangement with DUAL Commercial
Core Speciality Insurance Holdings has pronounced an underwriting arrangement with DUAL Commercial that will provide primary and excess professional liability parameters for competent classes of business. DUAL is a specialty program manager in the Finance, Casualty, Property Lines market and…
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Alliant Insurance enters into a merger agreement with Confie
Alliant Insurance Services, the specialty insurance brokerage firm in the US has entered into a decisive merger agreement with Confie, a US personal lines distributor. The merger is expected to close in the second half of 2021, and will also…
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P&C industry regardless of challenges from pandemic remains stable
Analyst at Fitch Ratings has published a report which concludes that the P&C industry even with significant economic challenges due to the global pandemic has remained stable. Last year, the US P&C industry struggled with many operating challenges from COVID-19,…
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