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Chubb Personal Risk Services has introduced a cutting-edge self-service flood insurance system, aiming to streamline operations for agents and enhance customer experience within its personal lines business.
Fathom, a UK-based provider of water risk intelligence and flood models recently acquired by Swiss Re, has entered into a strategic partnership with The World Bank.
WTW has launched a new parametric insurance policy designed to safeguard the coral reef system of the Lau Group of islands in the South Pacific.
Munich Re has announced the formation of a new global parametric team focused on natural catastrophe risk transfer solutions.
Chubb has experienced an uptick in its North American personal Excess and Surplus lines (E&S) business, but the company’s CEO, Evan G. Greenberg remains cautious about the trend.
SCOR has announced the establishment of an offshore renewable energy consortium, expanding its deployable capacity to over US$180 million.
Switzerland-based startup CarbonPool, founded by former Allianz executives, has successfully concluded a significant funding round aimed at revolutionising the carbon credit market.
Howden has introduced a pioneering insurance facility aimed at bolstering carbon capture and storage initiatives, with the backing of SCOR’s Lloyd’s syndicate.
In a significant development for California homeowners, The Hartford has disclosed its decision to cease writing new homeowners insurance policies in the state effective February 1, 2024.
In the aftermath of a series of departures last year, the remaining members of the Net-Zero Insurance Alliance (NZIA) are reportedly contemplating the reconstruction of the group, with discussions suggesting the inclusion of brokers and regulators in a potential new iteration.
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