Executives On The Move at Sompo International and Liberty Mutual
Sompo International Holdings Ltd. promoted two executives. Liberty Mutual named a financial industry executive to its board of directors.***
Sompo International ...Commercial Lines
Face Book ‘Unintentionally Uploaded’ Email Contacts of Up to 1.5M Users
Facebook Inc said it may have "unintentionally uploaded" email contacts of 1.5 million new users since May 2016, in what seems to be the latest privacy-related issue faced by the social media ...
Travelers Reporters Improved Underwriting, Lower Catastrophe Losses
Insurer Travelers Companies Inc's quarterly profit beat analysts' estimates on Thursday, as improved underwriting and lower catastrophe losses offset a decline in net investment income. New ...
Alliant Hires Exec to Build Northeast Business
Alliant hired an executive from JLT Specialty USA to help expand the company's reach in the northeastern United States. Justin Riccio will be senior vice president, based in Albany, N.Y. Previously, ...
Palomar Specialty’s IPO Rockets Above $15 Per Share Price Launch
Palomar Specialty launched an initial public offering on April 17, with the California-based specialty catastrophe insurer starting to sell on the Nasdaq Global Select Market at $15 per share. Shares ...
AXA Exposed: Carrier Discloses It Covered Two Contractors Working on Notre-Dame Restoration
French insurance firm AXA said on Tuesday it provided insurance coverage for two of the contracting firms that were working on Notre-Dame's restoration prior to the blaze that devastated the ...
As Insurers Field Record Climate-Related Losses, Central Banks Push Greener Finance
With insurers shouldering a record $160 billion in climate-related losses from last year alone, a group including 30 central banks called for measures to spur green finance and better assessment of ...
GM Hit With Suit Alleging it Failed to Warn Cadillac Owners of Headlight Defects
General Motors Co. failed to warn U.S. drivers of a Cadillac sport-utility vehicle about a defect that causes headlights to malfunction because moisture gets inside the glass, creating a safety ...
State Auto, Google Help Back AI Startup Flyreel’s New Financing Round
Flyreel, an artificial intelligence InsurTech startup focused on property insurance, recently raised $3.85 million in new financing from State Auto and several other investors. Gradient Ventures, ...