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Motor insurer Marshmallow becomes first Black-founded UK unicorn

LONDON, Sept 8 (Reuters) - Digital motor insurer Marshmallow has raised $85 million from investors, valuing it at more than $1.25 billion and making it the first British Black-founded unicorn, the company said on Wednesday. The early-stage funding round was backed by venture capital firm Passion Capital, Investec Bank INVP.L INLJ.J and reinsurer SC
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South African farmers dream of drought cover on climate front line

* Fraction of S.African farmers have drought insurance * Climate change is driving longer, harsher dry spells * Insurers say they are unable to hedge their risks * New state subsidies plan aims to mend broken system By Emma Rumney JOHANNESBURG, July 14 (Reuters) - Happy Letsitsa hasn't paid off the money he borrowed to survive a 2019 drought that r
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Big insurance companies launch net-zero climate alliance

MILAN, July 11 (Reuters) - Eight of the world's leading insurance and reinsurance companies on Sunday launched an alliance to help speed up a transition to a net zero emissions economy. The companies, which include Europe's top three insurers by premiums - Allianz ALVG.DE , AXA AXAF.PA and Generali GASI.MI - said the Net-Zero Insurance Alliance (NZ
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Reinsurers look at dumping coal from bulk-buy policies in green gambit

* Swiss Re plans changes to 'treaty' cover * Hannover Re, Munich Re analysing next steps * Comes as sector faces pressure to act on climate By Carolyn Cohn and Simon Jessop LONDON, June 17 (Reuters) - Major reinsurers have already pulled back from providing bespoke cover for coal projects as part of efforts to meet global climate change commitments
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Reinsurers look at dumping coal from bulk-buy policies in green gambit

* Swiss Re plans changes to 'treaty' cover * Hannover Re, Munich Re analysing next steps * Comes as sector faces pressure to act on climate By Carolyn Cohn and Simon Jessop LONDON, June 17 (Reuters) - Major reinsurers have already pulled back from providing bespoke cover for coal projects as part of efforts to meet global climate change commitments
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