Risk
InsurTechs Focused on Insurance Comparison, IaaS Win More Funding
Two InsurTechs attracted new venture funding. One is an insurance comparison site, and the other an MGA that also offers an infrastructure-as-a-service software platform. *** The Zebra, an insurance ...
AXA XL Hires Its First-Ever Global Chief Underwriting Officer for Cyber
A veteran of Beazley, Gen Re and Zurich is joining AXA XL as its first-ever global chief underwriting officer for cyber. Elizabeth (Libby) Benet will focus on helping to manage AXA XL's cyber risk ...
Nissan Driverless Car Completes 230-Mile Journey in UK
A Nissan car has completed a 230-mile journey autonomously in Britain, the longest and most complex such trip in the country as carmakers race to develop driverless technologies which are ...
Coronavirus Will Cause Limited Losses in China’s P/C Insurance Market: AM Best
Ratings firm AM Best said it expects that China's non-life insurance market will experience limited losses from the ongoing coronavirus outbreak. The analysts based their outlook on factors including ...
Aon Grabs Cybersecurity Firm to Bolster Division That Handles Cyber Hacks
Aon Plc bought closely held Canadian firm Cytelligence Inc. to help boost its ability to respond to and investigate attacks on computer systems. Aon picked up employees with cybersecurity consulting ...
Singapore Will Add More Climate Change Risks to Financial Industry Stress Tests
Singapore plans to include a broader range of climate change-related risks in a future stress test of its financial industry, a government minister said. The Monetary Authority of Singapore plans to ...
The Hartford’s 2019 Navigators Acquisition Pays Off
The Hartford closed out 2019 with gains in net income and net investment income, buttressed in part by its $2.1 billion acquisition of specialty insurer Navigators Group. Net income hit $543 million, ...
Scientists Perplexed by Climate Change Models Running Red Hot
There are dozens of climate models, and for decades they've agreed on what it would take to heat the planet by about 3° Celsius. It's an outcome that would be disastrous—flooded cities, ...