Weekly News Roundup – 02nd April
The insurance world is full of a million different acronyms and there seems to be a new one to discover every week! The latest I’ve been reading about is SPAC (Special Purpose Acquisition Companies) and it seems their current boom is causing some problems (but also opportunities) for the insurance space. Read on to find out more…
SPAC boom holds opportunities for insurance industry (Source: Insurance Business Magazine)
More and more ‘blank cheque’ companies are going public but what does this mean for the insurance industry?
SPAC mania anxiety grows; bankers, regulators, insurers try to keep pace (Source: Insurance Journal)
Liability insurance rates are skyrocketing – how will the industry respond?
Home Insurer Hippo to compete with stock Lemonade in $5 Billion SPAC Merger (Source: ValueTheMarkets)
Hippo have jumped on the SPAC bandwagon to go public.
Beazley launches specialty D&O coverage for SPACs (Source: Business Insurance)
The insurer is plugging the gap for SPACs lacking sufficient D&O coverage.