Risk
China’s Fosun Group Continues Corporate Shopping Spree, Debt Be Damned
About three years after China started reining in an overseas acquisition spree by some of its home-grown companies, the binge all but ended. But not for Fosun Group. The 27-year-old conglomerate, ...
Executives On The Move at A.M. Best and Berkshire Hathaway Specialty Insurance
The head of A.M. Best Ratings Services is retiring, and his replacement will come from within the organization. A veteran QBE executive is joining Berkshire Hathaway Specialty Insurance in a ...
Root Insurance, Goodyear Ally to Boost Auto Policyholder Services
Root Insurance sealed a collaboration deal with The Goodyear Tire & Rubber Company that will allow its auto insurance policyholders to access tire purchase and installation services. "We are ...
InsurTech Utopia Driven by Data Sharing Impeded by Data Ownership Uncertainty
Insurers need to learn to share their data if they want to take full advantage of the mountain of information generated from connected devices, insurtech executives say. Along the way, somebody's got ...
Blistering Heatwave Forces Germany to Limit Autobahn Speeds, Confront Wildfire Risks
A blistering heatwave prompted Germany to impose speed restrictions on usually limit-free stretches of its high-speed motorways Wednesday, the latest sign of extreme weather events ruffling Europe's ...
InsurTech HomeZada Wins NAIC Startup Pitch Competition
A consumer home management software startup won the National Association of Insurance Commissioners' startup pitch competition. The winner is California-based HomeZada, an InsurTech whose consumer ...
The Latest Launches From AIR Worldwide, Ironshore and AXA XL
AIR Worldwide has expanded an inland flood model for Central Europe and updated part of its coastal flood model for Great Britain. An Ironshore division streamlined a policy offering so it can be ...
Chubb, Chaucer, Other Lloyd’s Underwriters Team to Develop Products for New and Emerging Risks
Lloyd's underwriters including Chubb, Chaucer, Beazley and Hiscox are teaming up on a new initiative designed to quicken insurance/reinsurance product development for new and emerging risks. Known as ...