Risk
U.S. States Reportedly Plan to Sue Facebook Over Alleged Antitrust Violations
A group of U.S. states led by New York is investigating Facebook Inc for possible antitrust violations and plans to file a lawsuit against the social media giant next week, four sources familiar with ...
UK-Based Reinsurer Conduit Holdings Sees Stock Rise After $1.1B London IPO
Reinsurer Conduit Holdings Ltd. rose as it started trading in London after a 826 million-pound ($1.1 billion) initial public offering, the second largest by a British company on the London Stock ...
Legal, Cultural Backlash Likely to Prevent U.S. Employers From Mandating COVID-19 Vaccine
Private U.S. companies have the right under the law to require employees to get vaccinated against COVID-19, but are unlikely to do so because of the risks of legal and cultural backlash, experts ...
Shell Battles Dutch Court Suit Seeking to Drastically Cut Climate Emissions
Environmental activists took Royal Dutch Shell to court on Tuesday, demanding the energy firm drastically reduce the production of oil and gas to limit its effects on climate change. Seven activist ...
Hover CEO Altman Eyes Growth, Future as a Standalone 3D Software Company
Often an InsurTech attracts venture investment from at least one insurer, sometimes two. For Hover's recent $60 million Series D round, there were three. Capital contributions came from the insurers ...
Private Equity Investors Pelican Ventures, J.C. Flowers Complete Ariel Re Deal
Private equity investors Pelican Ventures and J.C. Flowers & Co. have completed their acquisition of Ariel Re from Argo Group. Ariel Re underwrites a global portfolio of reinsurance products in ...
SCOR CEO Prediction: Double-Digit Reinsurance Rate Hikes on Jan. 1
Reinsurance rates are likely to rise in the double-digit percentage point range at key contract renewals in January, Denis Kessler, chairman and chief executive of the French reinsurer SCOR, said on ...
Fintechs Will Increasingly Squeeze Insurer Market Share: EU Official
Established insurers will face a squeeze on profits and market share as new financial technology companies muscle in on the industry, a senior European Union official said on Wednesday. More fintech ...