Commercial Lines
TransRe CEO Sapnar Will Depart; Brandt to Succeed Him
TransRe President and CEO Mike Sapnar is leaving the company to pursue another opportunity. He'll stay on the job through April 30 to help with the transition. Ken Brandt, currently TransRe's ...
DeepSee.ai Raises $22.6 Million to Expand Reach of Knowledge Processing Automation Platform
DeepSee.ai, a knowledge processing InsurTech, said it has raised $22.6 million in new financing, money that will help expand its initial client base beyond capital markets and insurance verticals. ...
Blink Parametric Expands to Central and Latin America
Blink Parametric, the Cork, Ireland-based InsurTech plans to expand its flight disruption insurance platform into Central & Latin America starting later this month. The partnership between Blink ...
Microsoft Reportedly Stands to Gain Large Share of New U.S. Cyber Spending
Microsoft stands to receive nearly a quarter of Covid relief funds destined for U.S. cybersecurity defenders, sources told Reuters, angering some lawmakers who don't want to increase funding for a ...
Buffett’s Berkshire Hathaway Wants Shareholders to Reject Climate Change, Diversity Proposals
Warren Buffett's Berkshire Hathaway Inc on Monday urged the rejection of shareholder proposals that annual reports be produced about its efforts to address climate change and promote diversity and ...
Most Customers Are Digitally Transmitting Photos or Videos When Filing Property Claims: J.D. Power
More than two-thirds of insurance customers are now digitally transmitting photos or videos when filing property claims, decreasing claim cycle times and helping drive the highest overall ...
February Polar Vortex Led to Record U.S. Winter Weather Economic Losses: Aon
Blame the Polar Vortex and the resulting drastic U.S. winter weather for generating record direct economic losses and more carrier headaches. Direct economic losses from those Polar Vortex-driven ...
The U.S. P/C Industry Boosted Profits in 2020 Despite COVID-19: A.M. Best
Despite the COVID-19 pandemic, the U.S. property/casualtyindustry improved its overall profitability in 2020, with a 68 percent increase in net underwriting income and combined ratio that improved ...