Strategy
Hippo Pulls in $100M Financing Round; Broader U.S. Expansion Planned
Hippo Insurance said it has secured a $100 million financing round that will help propel a broader U.S. expansion of its super-quick online homeowners insurance. Global technology investment firm ...
Travelers CEO Schnitzer: ‘Lots of Levers’ Can Be Pulled to Keep Improving Margins
The Travelers Companies CEO Alan Schnitzer reassured analysts that the insurer "has lots of levers" it can pull to keep improving margins and profitability, even though its combined ratio ticked ...
Price Increases Boost Chubb’s Premiums but Net Income Dips Slightly
Chubb's saw its net income dip slightly and its P/C combined ratio nudge higher during the 2019 second quarter, but price increases led to solid premium gains. "This quarter was about growth and ...
New Zealand InsurTech Startup Cove Draws Investment From Greenlight Re
Greenlight Re Innovations (GRI), a subsidiary of specialist property and casualty re/insurer Greenlight Capital Re Ltd., announced it has made a strategic investment in Cove Ltd., a New Zealand-based ...
The Latest Launches From Chubb, Berkshire Hathaway and CFC Underwriting
Chubb added new coverage for the food service industry on its digital platform for small businesses. Berkshire Hathaway GUARD Insurance Companies expanded its commercial automobile product into new ...
ProSight Global Discloses IPO Plans
ProSight Global Inc. announced its IPO terms, which include expectations of raising at least $140 million. The specialty insurer said the company's initial public offering would involve more than 8.8 ...
Hamilton Insurance Group Adds ‘Chief Technology Officer’ to Its Ranks
Hamilton Insurance Group Ltd. has added a "chief technology officer" to its roster of executives. Venkat Krishnamoorthy will fill the newly created slot starting on Aug. 5, 2019, reporting to Group ...
Insurers Will Drastically Boost Spending on Robotic Process Automation: Study
Insurers are expected to drastically boost their spending on robotic process automation over the next five years as they seek to spur revenue growth by cutting costs, according to a new study from ...