Strategy
XL Catlin Leads Slice Lab’s $11.6M Series A; Expansion Eyed for Pay-Per-Use Insurance Platform
XL Catlin's investor arm is the lead backer of Slice Lab's new $11.6 million Series A financing, money the InsurTech startup will use to expand its on-demand pay-per-use insurance platform. Beyond XL ...
Pie Insurance Debuts, With Small Business WC as a Target
Pie Insurance, an InsurTech startup focused on the small business workers compensation market, recently closed a $4.3 million seed financing round and the company is debuting this week with an online ...
Warren Buffett’s Latest Investment: A U.S. Truck Stop Operator
Buffett's Berkshire Hathaway Inc on Tuesday deepened its commitment to the American economy, saying it bought a major stake in Pilot Flying J, the largest U.S. truck stop operator, and will become ...
AIG Shoots for Expansion Now That ‘Too Big To Fail’ Status Is Going Away
Now that American International Group Inc. is no longer too big to fail, it has a goal: Get bigger. The U.S. freed the New York-based insurer from enhanced regulation, removing the scarlet letter it ...
Generali’s German Arm Plans Life Insurance Run-Off in Early 2018
Generali Deutschland has launched the next phase of its program to reorganize in Germany, which is one of Generali's core markets. The program is designed to strengthen and streamline operations, ...
Chubb Inks Multiyear Distribution Deal With Asia’s DBS Bank
Chubb inked a new multiyear distribution deal with DBS Bank, a financial giant that will give it even deeper market penetration in Asia. The agreement calls for Chubb to distribute general insurance ...
Berkshire Hathaway’s Gen Re Turns to India for Multiple Insurance Opportunities
General Re, a unit of Warren Buffett's Berkshire Hathaway Inc. which won a license to open an Indian office in May, is seeking a larger slice of the world's fastest-growing reinsurance market. The ...
Promoting the Wrong Person Can be Right for Your Company
Consider this: Sometimes it can be in a company's best interest to promote the wrong person for the job. Yes, that sounds counterintuitive, and a new blog posting based on research by Daniel Barron ...