InsuranceInnovation

Ex-AIG Chief Secures $700 Million for Ambitious Mereo Reinsurance Startup

2 months ago

In a groundbreaking move in the insurance industry, the former head of American International Group (AIG), Maurice "Hank" Greenberg, has successfully raised a staggering $700 million to launch his new reinsurance venture, Mereo. This significant funding milestone positions Mereo as a key player in the rapidly evolving reinsurance landscape, promising innovative solutions and competitive offerings.

UnitedHealth Appoints New Medicare Leader Following Tragic Death of Previous Chief

2 months ago

In a significant move, UnitedHealth Group has promoted its Medicare chief, Dr. Brian Thompson, to step into the shoes of the late Andy Slavitt, who was tragically shot and killed during a robbery in January. This decision to elevate Thompson comes at a critical time as the company focuses on further expanding its Medicare services amidst an increasingly competitive healthcare landscape.

Marsh Launches Innovative Insurance to Combat Fake Carbon Credits

5 months ago

In a groundbreaking move within the environmental finance sector, the global insurance broker Marsh has introduced a new insurance product designed specifically to address the growing issue of fraudulent carbon credits. As the demand for legitimate carbon offsets surges in light of increasing climate change awareness, the integrity of the carbon credit market is under scrutiny, with phony credits potentially undermining global sustainability efforts.

South Africa Pioneers New Insurance Vehicle for Infrastructure Projects: A Bold Move for Economic Revival

6 months ago

Making a bold move to improve the economic infrastructure, South Africa unveiled plans for the creation of a novel insurance vehicle that underwrites the country's bold infrastructure projects. This move is viewed as a means of reducing financial risks for mega projects and accelerating private sector investments with the ultimate goal of completing projects on time.