Strategy
Public Companies Lacking Strengthened Cybersecurity Might Be Violating Federal Law
Public companies that fail to tighten their cyber security controls could be violating federal law, the U.S. Securities and Exchange Commission (SEC) said on Tuesday. The regulator's warning came in ...
Cincinnati Financial Will Pay $134M for London Specialty Underwriter Owned by Munich Re
Cincinnati Financial Corp. has agreed to acquire MSP Underwriting Limited, a London-based global specialty underwriter and Munich Re subsidiary, in a bid to diversify its earnings and expand its ...
Act 2 of the InsurTech Revolution Is on Its Way
The digital revolution in insurance is about to begin its second act. Having in its first phase used science and technology to inspire a rethinking of insurance that is making insurance easier and ...
Runoff Firm Catalina Raises $700M; RenRe, Apollo Become Shareholders
Catalina Holdings (Bermuda) Ltd., a legacy runoff property and casualty re/insurance specialist, announced it has raised $700 million in equity capital and concluded its shareholder restructuring ...
Ascot Group Establishes U.S. Division; Wolyniec Named to Lead It
Ascot Group has established a U.S. division and has promoted an executive from within to lead it. The Bermuda-based specialty insurer and reinsurer appointed Greg Wolyniec as president and CEO of ...
Travelers, Amazon to Sell Smart Home Kits, Promote Insurance Info to Clients
The Travelers Companies Inc. is teaming up with Amazon to offer smart home kits and insurance/risk management information through a digital storefront: Amazon.com/Travelers. The property/casualty ...
Who’s Next? The Value of MGAs vs. Carriers
With Next Insurance making a decision convert from a digital managing general agency for small and medium-sized businesses to a licensed insurance carrier in May, there isn't much to report from the ...
Allianz Global Corporate & Specialty Reorganizes Alternative Risk Transfer Business
Allianz Global Corporate & Specialty (AGCS) said it is reshaping its Alternative Risk Transfer (ART) business into two new specialist teams, a move responding to the growing importance of ...