Underwriting
JetBlue Discloses Plans to Become First Carbon-Neutral U.S. Airline
JetBlue Airways Corp. said it will become the first large U.S. airline to offset emissions from all of its domestic flights, aiming to become carbon neutral by July as pressure grows on the industry ...
Australia’s Bushfire Crisis Causes Business Interruption Chain Reaction
Australia's deadly bushfire crisis is affecting some of the nation's biggest companies including dairy producer Bega Cheese Ltd. and airline Qantas Airways Ltd. Bega led declines on the benchmark ...
Climate Change, Cyber Warfare Top London Market Issues for 2020: IUA
Climate change and cyber warfare risks are two key London market issues highlighted by the International Underwriting Association (IUA) in its business plan for 2020. The association said it is ...XILO Raises Seed Funding, Hoping to Help Agents Compete With Lemonade
XILO, a San Diego-based InsurTech, announced at the end of 2020 that it has raised just over $2 million in seed financing to fuel development of an SaaS platform for insurance agents. In an indirect ...
Allianz Completes Two Acquisitions in the UK
Allianz Holdings plc, the U.K. subsidiary of Allianz SE, has completed its planned acquisition of the remaining 51 percent of LV General Insurance Group (LV GIG) from Liverpool Victoria Friendly ...
Liberty Mutual Takes on Uber Coverage in Three Regions
Liberty Mutual Insurance will provide coverage for Uber drivers and passengers throughout New England, South Carolina and Puerto Rico as part of the company's 2020 auto insurance programs, which ...
MGA Clearcover Pulls in $50M Financing, With Designs on Becoming Full-Stack Carrier
Clearcover, a managing general agent whose artificial intelligence-driven platform focuses on auto insurance, has raised $50 million in new financing. The money is designed to accelerate further ...
Commercial Lines InsurTech Bold Penguin Snatches Up E&S Brokerage Tech Platform xagent
Bold Penguin, a commercial insurance exchange technology platform launched in 2016, announced it has acquired xagent, an independent, single-entry, multi-quote platform for standard and surplus lines ...