Commercial Lines
The Latest Launches From The Hartford, Roost and Buckle
The Hartford is working with Tractable on a claims process project involving artificial intelligence. Roost, a developer of home telematics for property insurance carriers, added a new service to its ...
Allianz Wins China Approval to Launch Insurance Asset Management Firm
Allianz said on Thursday it had obtained regulatory approval to set up China's first wholly foreign-owned insurance asset management company, as the German insurer steps up expansion in the world's ...
American Financial Group Nets $3.5B Cash In Annuity Biz Sale to MassMutual
American Financial Group announced that it is selling its annuity business to Massachusetts Mutual Life Insurance Company in a $3.5 billion cash deal that primes the seller for growth in its ...
W.R. Berkley Reports Record Q4 Net Income
W.R. Berkley Corp. generated record net income in its 2020 fourth-quarter and a healthy combined ratio, results that company attributed to rate hikes, bigger investment returns and ongoing ...
A Canceled Olympics Would Slap Insurers With Historic Loss
Insurers are facing a $2-3 billion loss if the Tokyo Olympics are canceled this year, amounting to the largest ever claim in the global event cancellation market, brokers say. With less than six ...
The Latest Launches From Chubb and Branch Insurance
Chubb is marketing a new product designed to streamline absence management and workplace benefits for mid-size to large employers. Branch Insurance will link with ADT to offer ADT home security ...
European Researchers See AI as Building Better Weather Data
European scientists who feed critical climate data to industry and researchers said that their next great breakthrough in weather forecasting will be powered by artificial intelligence. The European ...
InsurTech Joshu Raises $3.7M for Commercial Insurance Digital Platform
The InsurTech Joshu raised $3.7 million in seed funding to advance its digital tools designed to help carriers and MGAs bring their commercial insurance business online. Blumberg Capital led the ...