Commercial Lines
Agency Distribution/Licensing Compliance Startup Raises $25 Million
The InsurTech AgentSync pulled in a $25 million round of financing, money it plans to us for expansion of its producer distribution management and licensing compliance software. "We're solving for ...
U.S. Commercial Rate Hikes Continue Robust Climb in Q4, Except Workers Comp
U.S. commercial insurance price hikes surpassed 10 percent in aggregate during the 2020 fourth quarter, another robust climb for a sector that produced aggressive rate hikes all year, according to ...
The Future of Underwriting Is ‘Exponential’: Deloitte Study
The underwriters of the future will need to be "exponential," multiplying their value by developing new skills and taking on enhanced responsibilities. This means evolving into new roles, such as ...
Allianz Commits $75 Million, Strategic Partnership to Hong Kong Fintech WeLab
Allianz's technology investment arm is committing $75 million to WeLab, a Hong Kong-based fintech focused on virtual banking, consumer financing and other related digital services. The deal also ...
RLI Makes a Number of Executive Changes
RLI Corp. is making a new of leadership changes as it gears up for long-time CEO Jonathan Michael's retirement at the end of 2021. "Each of these leaders brings a wealth of experience, knowledge and ...
Wholesale Insurance Broker Amwins to Snatch Up Rival Worldwide Facilities
The largest wholesale insurance broker, Amwins Group, is getting even larger as it has agreed to acquire Worldwide Facilities, the fourth-largest wholesale insurance broker in the U.S. The addition ...
After Pandemic Legal Tussles, Insurers Rewrite Business Policies
U.S. insurers are strengthening language in policies that cover business losses to protect them from future claims related to the coronavirus pandemic or other widespread illnesses that disrupt ...
E&O Cyber Incidents Exploded in 2020: Aon
Aon released its first ever Errors & Omissions/cyber insurance product snapshot and it presents a pretty dire snapshot of worsening conditions. There were on average three new E&O cyber ...