Strategy
Weather Network/Analytics Startup Eyes Global Growth With New $5.25M Financing Round
Understory – a weather network and analytics startup interested in insurance customers – has raised $5.25 million in new financings. Plans call for using the cash infusion to accelerate global ...
How a Wisconsin Mutual Insurer Became a Model Innovator
The most innovative ideas in the insurance industry don't always come from global mega insurers with large teams of technology experts that spend all their time devoted to imagining new ways of doing ...
Determining Lemonade Investors’ Likely Exit Strategy
Now that Lemonade has raised nearly $500 million in financing to date and is pursuing an international expansion, speculation has begun as to what the exit strategy will ultimately be for investors ...
Progressive Introduces Insurance Comparison Quoting Platform for Small Business Owners
Ohio-based national insurer Progressive has joined the ranks of carriers offering small businesses a platform to buy insurance quickly and simply. The insurer's new online BusinessQuote Explorer ...
AIG’s Duperreault Promises a Full Year of General Insurance Underwriting Profit, Catastrophes or Not
American International Group President and CEO Brian Duperreault insists that the insurer's General Insurance unit will generate an underwriting profit through all of 2019. During the insurer's May 7 ...
Nationwide, Ryan Specialty Form New Bermuda Reinsurer
Ryan Specialty Group (RSG) and Nationwide announced they have formed a new Bermuda reinsurance company, Geneva Re Ltd. Columbus, Ohio-headquartered Nationwide will own 50 percent of the venture with ...
It Takes a Leap of Faith, Says InsurTech Founder
For Ilya Bodner, founder and chief executive officer of insurance technology company Bold Penguin, building a fast-growing company has been a long time coming. After arriving in Columbus, Ohio, from ...
Two Exxon Shareholders Won’t Support Directors Due to ‘Inadequate’ Climate Change Response
Two Exxon Mobil Corp shareholders said on Friday they would withhold their support for the re-election of all ExxonMobil directors at the company's annual meeting due to the U.S. oil major's ...