Underwriting
InsurTech Veterans Debut MGA Startup Assurely, Disclose $3.7M Seed Round
Veteran co-founders or executives from Lemonade, CoverWallet and Pie Insurance are behind a new InsurTech that raised $3.7 million in debut financing – money designed to support its focus on ...
Global Regulator Claims Too Few Companies Disclose Climate Change Financial Hits
Too few companies specify their prospective financial hit from climate change under a voluntary global disclosure code that needs wider backing from asset managers and others to be fully effective, a ...
U.S. Businesses Stock Up on Insurance Cover Over Fears of Post-Election Chaos
Retailers, pharmacies, liquor stores and other merchants across the United States are gobbling up insurance that protects buildings from damage caused by societal unrest, worried about possible ...
Hurricane Zeta Brings Damaging Winds, Storm Surge to Louisiana
Hurricane Zeta was poised to crash into Louisiana on Wednesday with a "life-threatening storm surge" and winds that will reach far inland, the state's sixth lashing this year from a Gulf Coast storm. ...
InsurTech VC Breaks Records in Q3; Mid-Tier Startup Funding Shrinks
InsurTech funding saw the largest number of deals and the highest amount of funding since data recording into InsurTech began, with $2.5 billion raised by InsurTech firms across 104 deals during the ...
The Latest Launches From Munich Re and Starr
A unit of Munich Re is touting new cyber and technology errors and omissions insurance coverage designed to protect U.S.-domiciled organizations with domestic and /or global exposure. A division of ...
Chubb Turns in Q3 Profit Despite Massive Catastrophe Losses
Chubb's net income grew by 9 percent in the 2020 third quarter, something that Chair and CEO Evan Greenberg credited to rate hikes and improving underwriting conditions despite a tough environment ...
U.S. P/C Insurance Industry Net Income Plunges 26 Percent in H1
U.S. P/C insurance industry net income plunged 26 percent in the 2020 first half, as underwriting results and investment gains took a hit from COVID-19, catastrophes and other instabilities, ...