Strategy
W.R Berkley, Travelers, GEICO Among 12 New Members of The Institutes RiskBlock Alliance
Twelve more companies have joined The Institutes RiskBlock Alliance, which is billed as the risk management and insurance industry's first enterprise-level blockchain consortium. The membership level ...
Buffett’s Berkshire Hathaway Buys More Apple, Boosts Stakes in Teva, Goldman Sachs
Warren Buffett's Berkshire Hathaway Inc boosted its investments in Goldman Sachs Group Inc and Israel's Teva Pharmaceutical Industries Ltd during the second quarter and confirmed it has expanded its ...
The Latest Launches From Starr Companies, AIR Worldwide and Church Mutual
Starr Companies plans to underwrite an insurance product designed for a particular Canadian visa program. AIR Worldwide released an updated U.S. wildfire model. Church Mutual, meanwhile, is teaming ...
Pie Insurance Plans Scale-Up, Expansion With $11M in New Financing
Pie Insurance disclosed that it has raised $11 million in new financing, with plans to use the money to scale up its workers compensation MGA operations and propel an ongoing market expansion. ...
Tokio Marine, a Metromile Investor, Licenses Its AI Claims Platform Tech
Tokio Marine Holdings, the Japanese insurance giant, is the first carrier to license Metromile's artificial intelligence-driven automated claims processing platform. The deal, announced Aug. 7, comes ...
Starr Agrees to Snatch Up Aspen’s Aviation Business
Starr Insurance Companies said it will acquire Aspen Insurance's aviation business. Neither side is disclosing the price for the renewal rights, though the aviation book value is worth more than $50 ...
CEO Viewpoint: Bold and Innovative Industry Action Required to Drive Progress on Diversity and Inclusion
Exponential increase in technological advances. Escalating impact of climate change. Extreme political polarization. Three phrases that describe the world we're living in and the emerging, evolving ...
Underwriting Pain, Exits Begin; Insurers Rethinking Lloyd’s
News that Lloyd's is undergoing a strategic review of its operations may be part of a larger industrywide phenomenon—reality is setting in and underwriting pain is increasing, an industry executive ...