Strategy
Nationwide, Munich Re Contribute to Next Insurance’s New $83M Financing
Next Insurance raised $83 million in a new financing round, money it said will fuel its continued U.S. expansion as a full-service digital insurance carrier focused on the small business market. "Our ...
China’s Anbang Insurance Is Exploring Its First European Divestment
Anbang Insurance Group Co. is exploring a sale of Belgian insurer Fidea, people with knowledge of the matter said, in what would be the troubled Chinese insurer's first European divestment since it ...
Carriers Writing U.S. Cyber Insurance Soared to 170 in 2017: Aon
The number of U.S. insurers providing cyber insurance keeps growing rapidly along with the ever-increasing amount of cyber attacks. As of 2017, 170 U.S. insurers reported writing cyber insurance, up ...
Top Sovereign Funds Met in Paris to Map Out Climate-Friendly Strategy
Sovereign wealth funds managing more than $2 trillion are to lay out a strategy on Friday in Paris to pressure companies to be more climate-friendly, French officials said. President Emmanuel Macron, ...
Allianz Board Member: Financial Market Volatility Will Harm Insurer’s Fund Business
Recent volatility in financial markets will curb inflows this year into Allianz's asset management business, which includes U.S. bond giant Pimco, a board member told Reuters. In 2017, Allianz reeled ...
Trōv Expands Into U.S., Launches in Arizona With On-Demand Single Item Insurance
Trōv, a global on-demand insurance tech company, has expanded into the United States, starting with insurance for single items in the state of Arizona. Munich Re's Digital Partners provides ...
UK Financial Firms Ordered to Prepare Readiness Plan for Possible Cyber Attacks
Many U.K. financial firms don't have a Plan B to fall back on if they're hit by a cyber attack. The Bank of England wants to change that. Financial regulators told firms to come up with a detailed ...
Rebranded Liberty Mutual Re Starts in U.S. Marine Market and Debuts in Italy
Liberty Specialty Markets has rebranded its reinsurance division as Liberty Mutual Re, has begun writing marine business in the U.S. for the first time and is opening for business in Italy. Scott ...