Underwriting
Planck Pulls in $20M, Plans to Expand AI Data Platform Globally
Planck has attracted $20 million in additional venture capital cash. The InsurTech startup - centered around an AI-based data platform for commercial insurance - plans to use the investment to expand ...
Workers Comp Performed Strongly During Pandemic Even With Premium Plunge
Because of job losses and shrinking payrolls during the pandemic recession, the workers compensation industry's net written premium dropped 10 percent to $42 billion in 2020. However, private ...
Zurich Reports Solid Q1 Earnings, Limited Greensill Exposure
Zurich Insurance does not expect to have a major exposure to the failure of supply chain financing firm Greensill Capital, the insurer's chief financial officer said on Wednesday after it reported ...
Aon, Willis Towers Watson to Sell Some Assets to Gallagher for $3.6B
Aon plc and Willis Towers Watson will sell off some assets to Arthur J. Gallagher & Co. for nearly $3.6 billion, settling antitrust questions raised by European regulators in their meg-merger ...
American National Group Reportedly Up for Possible Sale
U.S. insurer American National Group Inc is exploring options that could include a sale of the company, people familiar with the matter told Reuters on Tuesday. The news sent shares of American ...
Judge Orders Right-Wing Institute to Pay $2.4M to Man Hurt at Charlottesville Rally
A federal judge in Ohio has ordered a right-wing think tank led by white nationalist Richard Spencer to pay $2.4 million to an Ohio man severely injured during a white supremacist and neo-Nazi rally ...
Generali Invests in (Environmentally Friendly) Electric Scooter Startup
Italy's biggest insurer Generali has bought a stake in Ridemovi, which offers bicycle and electric scooter sharing services, to help it expand in Italy, Spain and beyond. Ridemovi, which operates ...
Monitaur Raises Funding to Fuel Development of Machine Learning Assurance Tech
InsurTech startup Monitaur raised some crucial early-stage financing that will help expand hiring and its development of machine learning assurance technology. The oversubscribed $2.6 million funding ...