Underwriting
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 ...
Investment Gains Fuel Liberty Mutual’s Q1 Income Results
Strong investment income gains helped Liberty Mutual more than doubled its first-quarter net income, largely countering more than $1 billion in catastrophe losses. Still, its consolidated combined ...
Finding a Way to Make Pandemics Insurable Again
When much of the global economy locked down last year, insurers, facing estimated losses of more than $100 billion globally, reached straight for their red pens to strike pandemic cover from all new ...
AXA Won’t Cover Ransomware Extortion Payments Anymore in France
In an apparent industry first, the global insurance company AXA said Thursday it will stop writing cyber insurance policies in France that reimburse customers for extortion payments made to ...
Why Rapid Cyber Rate Hikes Will Continue for Some Time
While global commercial insurance rate hikes are starting to moderate, cyber seems likely to be an outlier for some time to come. "Right now, we are not at a stage where we can see the end of the ...
AIG CEO Zaffino Expects Life & Retirement Partial IPO by Year-End
AIG is full speed ahead with IPO plans for part of its Life & Retirement division and hopes to pull the trigger by the end of 2021, President and CEO Peter Zaffino said. Those plans have a few ...
Ransomware Attack Shuts Down Major U.S. Fuel Pipeline
Top U.S. fuel pipeline operator Colonial Pipeline shut its entire network, the source of nearly half of the U.S. East Coast's fuel supply, after a cyber attack on Friday that involved ransomware. The ...