Leadership & Strategy
The Latest Launches From Everest Insurance and Tokio Marine HCC
Everest Insurance is teaming with a cybersecurity firm to launch insurance coverage meant to help make private equity policyholders saver from cyberattacks. A division of Tokio Marine HCC unveiled a ...
Bunker, a Small Business Digital Insurance Marketplace, Raises $6M Series A
Bunker, a startup broker focused on independent contractors and small businesses, has raised $6 million in Series A funding that will help fuel product development and expansion. Hiscox and American ...
French Insurer AXA Moves to Cut Stake in AllianceBernstein With U.S. IPO
A week after Axa SA ousted Peter Kraus from its AllianceBernstein Holding LP unit, the French insurer is taking steps to reduce its financial investment in the money manager to raise cash for deals. ...
InsurTech Startups Root, Slice, Lemonade Disclose State Expansions
InsurTech startups Root, Slice and Lemonade each announced they've expanded their operations into new states. Root, an auto insurance startup, said it can now do business in Arizona after debuting in ...American Family Using Smartphone App in UBI Driver Safety Program
The average driver spends more than 10 percent of every trip using a smartphone, according to TrueMotion, a technology company that has teamed up with American Family to improve driver safety and ...
Wells Fargo Reportedly Mulling Sale of Insurance Brokerage Business
Wells Fargo & Co. is weighing a sale of its insurance brokerage business, which could fetch about $2 billion, people familiar with the matter said. The San Francisco-based lender has begun ...
USAA’s Goal: Make Innovation Part of Its Cultural Fabric
Wal-Mart gave Jon-Michael Kowall some of his earliest lessons in innovation. The USAA executive was in his early 20s, a Wal-Mart manager-in-training in metro Austin and Corpus Christi, when new ...
Catastrophes Drove Private U.S. P/C Insurers to $4.7B Net Underwriting Loss: ISO and PCI Report
Private U.S. property/casualty insurers lost big in 2016, with a $4.7 billion net underwriting loss driven, in part, by significantly higher catastrophe-related insured property losses, according to ...