Has Lloyd’s just found the answer for pandemic insurance cover?
Insurtech start-up Thimble has been selected to take part in the Lloyd’s Lab accelerator program, in which the company will develop an insurance solution to address the pandemic coverage gap of small businesses. Read more here.
Lloyd’s selects ten insurtechs for cohort focused on COVID-19 risks
Specialist insurance and reinsurance market Lloyd’s has announced its new cohort of InsurTech disruptors that will join the Lloyd’s Lab innovation accelerator programme. Read more here.
Chubb CEO Greenberg Laments U.S. Govt. Covid-19 Setbacks, Promotes Diversity Initiatives
Chubb’s employees have begun to return to their offices in many countries around the world as governments have brought the coronavirus pandemic under control. That’s been a problem in the United States, however, and points to greater problems with federal COVID-19 efforts, argues President and CEO Evan Greenberg. Read more here.
Travelers Reports Q2 Loss on Catastrophes, Investments; Only Modest COVID Impact
The Travelers Companies reported a net loss of $40 million for the quarter ended June 30, 2020, compared to net income of $557 million in the prior year quarter. Read more here.
Hurt by COVID 19, W.R. Berkley’s Profit Plunges
Larger investment losses and COVID-19 took a substantial bite out of W.R. Berkley’s 2019 second-quarter net income, but the specialty insurer and reinsurer still stayed in the black overall. Read more here.
Progressive reveals profits in face of pandemic refunds
Despite reporting a significant drop in claims and providing auto insurance customers with premium refunds, Progressive generated a substantial profit during the pandemic – a detail that consumer advocates believe is unfair to customers. Read more here.
Breakingviews – Corona Capital: Drug hoarding, Vacation-free world
Corona Capital is a daily column updated throughout the day by Breakingviews columnists around the world with short, sharp pandemic-related insights. Read more here.