Underwriting
Bolttech Extends Series A Financing to $210M as Plans to Grow Signature Platform Continue
InsurTech startup bolttech announced the extension of its recently announced $180 million Series A funding round led by Activant Capital Group, bringing the series total to $210 million. The funding ...
Mutual Insurers Returned Nearly $13B in Premiums Through 2020
Mutual insurers returned nearly $13 billion in premiums through 2020 in response to policyholders' COVID-19-related challenges, and the sector ran at an underwriting loss as a result. Still, the ...
Executives On The Move at AXA XL and Policygenius
AXA XL is having one of its executives take on additional responsibilities as its new Marine Liabilities Global Practice Leader. Online insurance marketplace Policygenius hired a new Head of Customer ...
RIMS Wants Attendees at Future Events to Provide COVID-19 Vaccination Proof
The insurance industry trade group RIMS now requires anyone attending its events in the coming months to provide they're fully-vaccinated for COV-19. RIMS said the requirement is effective ...
With Help From Insurers, Stanford Ponzi Scheme Recovery Tops $1 Billion
A court-appointed receiver has recouped more than $1 billion for victims of Texas financier Allen Stanford's Ponzi scheme, the largest by dollar amount other than Bernard Madoff's fraud, the ...
Investors Team Up in Call for Governments to Toughen Climate Accounting
Investors managing more than $2.5 trillion have called on governments to compel companies and auditors to file financial accounts aligned with the world's net zero emissions target, a letter seen by ...
Meet ‘Spot,’ Farmers’ New Four-Legged Mobile Robot
Farmers Insurance will soon use a digitally controlled, four-legged mobile robot to assist with in-field catastrophe claims handling and non-catastrophe property inspections. Plans call for debuting ...
MGA InsurTech Foxquilt to Expand Business Offering Following $8 Million Financing Round
Foxquilt, a Toronto-based InsurTech, has raised an $8 million financing round that will support talent acquisition, product development, and further expansion across the U.S. and Canada. Luge Capital ...