Strategy
Reinsurance Broker Acrisure Re Partners With Kovrr on New London-Based Cyber Division
Reinsurance broker Acrisure Re has launched a London-based cyber division in partnership with cyber risk modeler Kovrr. Headed by Cyber Practice Leader Tom Quy, the new division will offer the market ...
Corvus Insurance CEO Edmundson on Pandemic Opportunities and Major Hiring Plans
Corvus Insurance already pulled in a $100 million Series C venture financing in March. Within two months, more money came through. In late May, the InsurTech startup raised another $15 million, from ...
Swedish Activist Investor Buys Big Stake in UK Insurer Aviva
Swedish activist investor Cevian Capital AB has bought almost 5% of Aviva Plc, placing it among the insurer's top three holders. Christer Gardell, managing partner at Cevian, said the Stockholm-based ...
Insurers Accelerate Their Flight to the Cloud: Novarica
Insurers are largely planning to expand their cloud usage into new areas in the coming months, according to a new Novarica study. Approximately 75 percent of insurers said they would expand their use ...
Reinsurers and a Tech Oligopoly: The Future of Insurance
When Marty Young, co-founder of InsurTech Buckle, participated in a keynote interview at an M&A insurance conference late last year, the executive warned that the insurance industry is on the ...
Taking a Growth Pause: Preparing for Long-Term Success
When you are in the early stages of starting your company, your one focus is to get things rolling. To do that, you prioritize: raising capital, getting your Certificate of Authority, obtaining ...
Veteran Assurant CEO Colberg to Retire at Year-End; Demmings to Replace Him
Assurant CEO Alan Colberg plans to retire at the end of 2021, and the company has designed Keith Demmings to replace him. Demmings, currently the leader of Assurant's Global Lifestyle segment, has ...
Buffett’s Berkshire Hathaway Buys Big Aon Stake
Berkshire Hathaway Inc said on Monday it has taken a $943 million stake in insurance brokerage Aon Plc and sold large portions of its investments in Chevron Corp and Wells Fargo & Co. The changes ...