Executives On The Move at Erie and GEICO
Erie Insurance appointed a new chief information security officer. GEICO's board elected a new officer and promoted two others.***
Erie Insurance has appointed ...CTO / Technology
PartnerRe Rejoins Largely Unchanged Reinsurance Top 10: A.M. Best
The 10 largest global reinsurers of 2019 represent a paragon of stability, according to A.M. Best's new market segment report. That's largely because so little changed from the year before. Nine of ...
AI Insurance: Who Is Insuring the Algorithms?
There are some algorithms in life that, even with the very best marketing, don't really matter too much. For example, if Netflix's recommendation algorithm points me toward the first episode of a ...
Duck Creek’s Nasdaq Debut Sees Shares Soar From IPO Start
Shares of Duck Creek Technologies Inc soared on their Nasdaq debut on Friday, after the software company serving the property and casualty insurance market raised $405 million in its upsized initial ...
Insurance Software Maker Vertafore Sold to Roper in $5.4B Deal
Florida-based Roper Technologies has agreed to acquire insurance software maker Vertafore in an all-cash transaction valued at approximately $5.35 billion. Roper said the Vertafore management team ...
P/C Insurance Software Startup Duck Creek Raises IPO Range
Duck Creek Technologies Inc, a software company that serves the property and casualty (P&C) insurance market, on Wednesday raised the price range for its initial public offering (IPO) and expects ...
With an Eye on COVID-19, Lloyd’s Selects 10 InsurTechs for Innovation Program
Lloyd's announced the latest cohort of InsurTech startups that will join its Lloyd's Lab innovation accelerator program. Their focus will be on COVID-19 products and services. The InsurTechs will ...
The Latest Launches From Generali/GEICO and RMS
A division of Generali Group is using its cyber protection platform for GEICO Insurance Agency customers. Catastrophe modeler RMS said it has made major updates to its line of HWind forecasting ...
AI Tech Firm Expert System Raises $29.4M; Clients Include AXA XL, Lloyd’s, Zurich
Expert System, a global artificial intelligence company with many property/casualty insurance industry clients, raised $29.4 million in a new financing round. Of that total, $20 million came from ...