Risk
P2P Startup Lemonade Closes $34M in New Financing From General Catalyst, Others
Lemonade nailed down $34 million in new venture financing, a crucial, second round of financing as the peer-to-peer InsurTech startup focuses on expanding and growing sales of its renters and ...
Updated: Liberty Mutual to Grab Specialty Insurer Ironshore for $3B
Liberty Mutual Insurance has agreed to snatch up specialty lines insurer Ironshore Inc. from Chinese conglomerate Fosun International Ltd. for about $3 billion. The planned acquisition, rumored for ...
D&O Liabilities Are Becoming More Complex Around the Globe: Allianz Report
Company directors and senior managers across the globe are increasingly likely to face costly regulatory investigations, criminal prosecutions or civil litigation, which not only put their company's ...
Insurer Acquirers in M&A Deals See Their Stock Price Soar, Eventually
Mergers and acquisitions have consistently lifted the share price of insurers who pursued the practice, though it takes some patience for the phenomenon to happen. Acquirers have outperformed their ...
Brexit Solution? UK Might Pay EU to Keep Single Market Access
The U.K. would consider making contributions to the European Union to secure the best possible access for trade in the bloc's single market, Brexit Secretary David Davis said. Davis said Thursday his ...
Super-Rich Clients Need Single Policy for Multiple, Global Properties: AIG
The super-rich, dubbed "ultra-high-net-worth" by property/casualty insurers, arguably have unique coverage needs. One of the more unusual turns out to be this: multinational coverage to address home ...
Is Uber an App or Transport Company? EU Judges to Decide
Fifteen judges at the European Union's top court are trying to decide, once and for all, whether Uber Technologies Inc. is an app or a transport company. The question has long vexed regulators and ...U.S. P/C Insurers’ 2017 Prospects Earn Negative Sector Outlook From Fitch
The U.S. property/casualty insurance sector faces enough obstacles heading into 2017—everything from heavy competitive pricing to weaker profitability—that Fitch Ratings changed its fundamental ...