Risk
Allianz UK Begins Marketing Cyber Cover for Mid-Sized Businesses
Allianz UK has launched Cyber Select, a cyber offering designed primarily for mid-sized corporate businesses. Cyber Select's cover is designed to deal with the consequences of unauthorized use of IT ...
Low Interest Rates Could Dent French P/C Insurers Profits in 2020: Moody’s
The 2020 outlook for the French insurance sector is negative, reflecting growing pressures on the property/casualty insurers' profitability from low interest rates, Moody's Investors Service said in ...
Tesla Rear-Ends Parked Cop Car While Operating on Autopilot
Another Tesla Inc. vehicle operating on the carmaker's driver-assistance system branded as Autopilot has crashed into a parked emergency vehicle, eliciting fresh warnings about the shortcomings of ...
Neptune Flood’s Growth Plans Leave Chairman, CEO Swapping Titles
Neptune Flood's two top leaders are switching their positions, a move designed to help prepare the InsurTech startup for its next phase of growth. Founder and CEO Jim Albert will become chairman, and ...
China Increases Likelihood It Will Retain Control of Financial Institutions
China's finance ministry said on Wednesday it will make it harder for ownership changes to be made to financial institutions that could lead to the government relinquishing control, in a bid to ...
Record Venice Floods Top November Catastrophe Losses
Flooding and inland storms led to multi-billion-dollar economic loss in western and southern Europe during November, according to insurance broker Aon's latest edition of its monthly Global ...
Digital Platform Operator Wefox Raised $235M This Year for Global Expansion
German insurance technology firm Wefox said on Wednesday it had attracted an additional $110 million of investment in its second funding round, bringing the total amount of money raised this year to ...
Longtime EMC Insurance Leader Kelley Plans to Retire in March 2020
Bruce Kelley, EMC Insurance's longtime president and CEO, and a great-grandson of its founder, plans to retire in March 2020. "I have been honored to lead the company that was founded by my great ...