Underwriting
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 ...
The Great Return: London’s Financial Workers Come Back to the Office
On the lower floors of HSBC Holdings Plc's Canary Wharf headquarters, the desks are filling up. Traders, salespeople and close support staff not currently in the office have been told they are ...
Moody’s Closes $2B Acquisition of Cat Modeler RMS
Moody's Corp. reported that it has completed its acquisition of RMS, the climate and natural disaster risk modeling and analytics firm. In the transaction, originally announced on August 5, 2021. ...
Ford, Walmart and Argo AI to Jointly Launch Autonomous Vehicle Delivery Service
Self-driving startup Argo AI, automaker Ford Motor Co and Walmart Inc will together launch an autonomous vehicle delivery service in Miami, Austin, and Washington, D.C, the companies said on ...
Pricing Trends Are Helping Reinsurers Counter Major Claims Uncertainties
A principal negative factor affecting the reinsurance industry is the large amount of claims uncertainty, but positive tailwinds are offsetting these negative headwinds, creating a stable outlook for ...