Commercial Lines
AIG Hires Lincoln Financial Exec to Help Separate Its Life & Retirement Business
AIG has hired a Lincoln Financial executive to help separate its Life & Retirement business into a standalone company and guide other streamlining efforts. Lisa Buckingham is joining the company ...
Progressive’s Legendary Marketing Guru Plans to Retire
The Progressive Insurance executive credited with a number of iconic marketing campaigns at the carrier is retiring. Jeff Charney will sign off as chief marketing officer for Progressive in January ...
Nordstrom Lawsuit Argues Civil Unrest Was Single Event With Only 1 Deductible Owed
Nordstrom Inc. has filed suit against its insurers, seeking a court declaration that they must treat nationwide civil unrest last spring and summer as a single occurrence rather that separate events ...
Generali Hit by Coronavirus Costs, but Upbeat About 2021
Generali is confident it can hit its targets this year after Italy's biggest insurer overcame a negative impact from the coronavirus crisis in 2020 to deliver a record operating profit. Operating ...
Insurers, Reinsurers Ready for Fight Over UK COVID-19 Business Interruption Payments
Top insurance companies, ordered by Britain's highest court to pay thousands of small businesses millions of pounds in claims for COVID-19 disruption, are facing a battle with reinsurers over who ...
Cowbell Cyber Pulls in $20M From Brewer Lane, Markel, Others
Cowbell Cyber nailed down $20 million in new venture capital financing from multiple investors. The InsurTech and MGA provides multi-faceted cyber insurance and related services to small and ...
Hi Marley Envisions Expansion of Its Intelligent Communications Platform With $25M Venture Investment
Hi Marley raised $25 million in new funding it will use to fuel further expansion of its AI-enabled texting platform for the insurance industry. Emergence Capital led the Boston-based InsurTech's ...
New Capital Not Impacting ‘Extraordinary’ 2021 Market: Berkley
External capital supporting new entrants to the property/casualty insurance and reinsurance markets is a "drop in the bucket" when measured against the magnitude of recent events, an industry leader ...