CEO / Chief Executive
Hagerty, an Insurer of Classic Cars, Will Go Public in $3B SPAC Deal
Hagerty, an insurer of classic cars, has agreed to go public through a merger with SPAC Aldel Financial Inc in a deal that values it at $3.13 billion, the companies said on Wednesday. Hagerty ...
Amazon and Agents: How Did Leaders Read The Tea Leaves?
Back in 2017, Next Insurance CEO Guy Goldstein wasn't envisioning that his InsurTech would launch a portal of insurance agents just two years later. When Carrier Management asked Goldstein, eight ...
Buffett’s Berkshire Hathaway Eliminates Stakes in Axalta, Biogen, Pares Other Drug Holdings
Warren Buffett's Berkshire Hathaway Inc said on Monday it trimmed or eliminated its stakes in several pharmaceutical companies, and reported a small new stake in a Merck & Co spinoff, Organon ...
Tesla Autopilot in 765,000 Vehicles Subject of Formal U.S. Safety Probe
U.S. auto safety regulators said Monday they had opened a formal safety probe into Tesla Inc's driver assistance system Autopilot after a series of crashes involving emergency vehicles. The National ...
Willis Towers Watson Chooses Hess as Its Next Leader
Insurance broker Willis Towers Watson chose Carl Hess as the company's new president and next chief executive officer. Hess, who currently serves as Willis Towers Watson's head of Investment, Risk ...
Aviva Will Return $5.5B to Investors; Activist Shareholder Wants More
British insurer Aviva pledged on Thursday to return at least 4 billion pounds ($5.5 billion) to shareholders, sending its shares surging, but activist investor Cevian Capital demanded more. Cevian, ...AIG Celebrates Strong Q2 Gains Driven by Investment Income, Business Growth, Rate Hikes
American International Group generated a modest profit in the second quarter, citing gains from higher net investment income, far fewer catastrophe losses and strong rate hikes in its ...
While Funding Levels Rise, So Do InsurTech Death Rates
While the aggregate InsurTech funding level for the first-half of 2021 soared past the amount raised for InsurTech businesses for the entire year 2020, InsurTechs continued to quietly shut their ...