Pension Insurance Corporation plc (PIC) has announced that David Weymouth has been appointed Chairman of its Board, as well as Chairman of the Board of PIC’s parent company, Pension Insurance Corporation Group Limited (PICG).
Coverage Disputes, Employment Practices, Regulation
The Government of Belize received $805,794 under one of The Caribbean Catastrophe Risk Insurance Facility (CCRIF) SPC’s Wet Season Trigger, a recently introduced policy endorsement.
Southeast Asian digital bank digital bank Yup has raised $32 million to build the region’s version of Brazilian giant Nubank.
Monument Re has gone into a reinsurance agreement with Countrywide.
Cyber Risks, P/C Insurers, Reinsurance
One of the world’s largest reinsurers, Munich Re, has announced a new net profit target of €5 billion for 2024, as well as Group revenue of €59 billion, and an improved return on investment to above 2.8%.
Coverage Disputes, P/C Insurers The Travelers Cos.
Industry giant Swiss Re’s digital B2B2C insurer, iptiQ and Goboony, a European camper-sharing platform, have strategically partnered to launch a new digital insurance solution tailored to the specific needs of motorhome owners. The Netherlands has been named as the first country where this solution will roll out, which is Goboony’s home market.
Crypto and blockchain giant Ripple is launching its own dollar-pegged stablecoin.
Crypto-focused German bank Nuri has staged a comeback from insolvency, relaunching with a streamlined service under its original name, Bitwala.
European P&C Run-off specialist Marco has said that Stefan Habereder is join the firm as group chief actuary at the beginning of August.
Cyber Risks, Employment Practices
Optio Group (Optio), an independent specialty MGA, has acquired Norwegian-based MGA S Insurance AS (S Insurance) for an undisclosed amount, subject to regulatory approval.
