Strategy
German InsurTech Friendsurance Turns to Debt Financing as Funding Alternative
Many InsurTech startups pursue venture capital or equity financing to fuel their growth (the sale of stock to investors who gain ownership interest in return). Germany's Friendsurance recently took a ...
Liberty Mutual’s Safeco, Heritage Insurance to Take Over AIG’s Upper Middle Market Biz
American International Group is transferring part of its personal insurance business for upper middle market clients to Liberty Mutual's Safeco Insurance and Heritage Insurance Holdings, a ...
Why Ecosystem Distribution in P/C Insurance Is Critical Now
Even before COVID-19, the property/casualty insurance industry was making the move toward digital in distribution as well as other areas of the business, such as claims and pricing. Ecosystems in ...
Generali Reportedly Interested in Acquiring U.S. Asset Manager Brightsphere
Assicurazioni Generali SpA has approached Brightsphere Investment Group Inc about a possible acquisition of the U.S. asset management firm, people familiar with the matter said on Friday. A deal ...
A UK Insurance Broker Secures $2 Billion Loan for Acquisitions
UK insurance broker The Ardonagh Group has secured the largest-ever loan from a group of private credit funds led by Ares Management, according to a statement by the lender. The group is refinancing ...
A Mixed Perspective on Lemonade’s Proposed IPO
Lemonade's proposed initial public offering, disclosed earlier in June, has the dubious distinction of being unveiled during the ongoing COVID-19 pandemic, a phenomenon that has roiled the public ...
Markel International Narrows Focus to Entertainment; COVID-19 Costs to Blame
Markel International, the London-based specialist insurer and division of Markel Corp., has announced its wholesale business will now focus solely on the entertainment book of business within its ...
Swedish Example Inspires UK Insurers in Bid to Avoid Coronavirus Biz Income Payouts
Insurers are set to argue against paying out fully on claims made by businesses forced to shut because of the pandemic, saying that shops in Sweden lost money even without a strict lockdown. The ...