Strategy
Q1 InsurTech Venture Funding Plunged, as Companies Advanced to Product Stage
InsurTech venture funding plunged 64 percent in the 2017 first quarter compared to the previous year, but the reason for the drop may actually be quite positive, according to a new Willis Towers ...
Tech Making Insurance Obsolete, Exec Says; Risk Transfer No Longer a Large Nos. Game
"Will technology make insurance obsolete?" That was the stark question posed by William Hartnett, a former Microsoft and ACORD executive, in his opening address to the 2017 Global Insurance ...
Broker Hub International Acquires Firm With Focus on Korean American Community
Hub International Ltd. said it has snatched up the assets of City Insurance Services and its related affiliates. The Chicago-based global insurance brokerage did not disclose financial terms, though ...
The Latest Launches From Chubb and Berkshire Hathaway Specialty Insurance
Berkshire Hathaway Specialty Insurance rolled out its new Employment Practices Liability policy in Canada – part of a series of policies it offers there for executives. Chubb created a product ...
Will New Munich Re CEO Wenning Succeed With ‘Hard-Nosed’ Approach?
Joachim Wenning admitted he would not be to everyone's liking long before taking the helm of Germany's Munich Re. That hard-nosed approach could prove valuable as the 52-year-old tackles falling ...
The Hartford CEO Swift Open to Larger Acquisitions That ‘Accelerate’ Existing Growth Plans
The Hartford Chairman and CEO Christopher Swift said he remains interested in potential acquisitions – even large ones – less than a year after completing a noteworthy M&A deal in mid-2016. ...
JLT’s John Lloyd Says Brexit Will Diminish the London Market
A post-Brexit financial environment won't kill the London market, but it will become diminished after the dust settles, insurance industry veteran John Lloyd said during the recent RIMS 2017 meeting ...
More Brexit Fallout: FM Global Chooses Luxembourg as EU Hub
U.S. commercial property insurer FM Global is planning a European hub in Luxembourg following Britain's decision to leave the bloc, the head of its European division told Reuters. The mutual insurer, ...