Commercial Lines
Germany Plans Regulation Reform For Insurers, Banks, Payment Firms on Wirecard Collapse
German Finance Minister Olaf Scholz intends to unveil a reform of the government's financial oversight, as the widening scandal over the collapse of Wirecard AG reaches the highest levels of ...
AXA XL Makes Americas, UK and Lloyd’s Exec Appointments in Ongoing Restructuring
AXA XL's plan to revamp the structure and focus of its Insurance unit continues with a number of new leadership promotions and new hires in the Americas and also the UK/Lloyd's market. AXA XL's new ...
1000-Plus Twitter Employees Reportedly Had Access to Hack-Worthy Tools
More than a thousand Twitter employees and contractors as of earlier this year had access to internal tools that could change user account settings and hand control to others, two former employees ...
Why Commercial Digitization Is a Pandemic Priority: Planck CEO
While other companies have struggled during the coronavirus pandemic, Planck sees opportunity. In June—well into the ongoing COVID-19 crisis—Planck announced it had raised $16 million in venture ...
Everest Insurance Makes Karmilowicz Its New CEO
Everest Re Group promoted Michael Karmilowicz to be the new president and CEO of its Everest Insurance division, three months after its previous leader jumped ship to lead rival Ascot Group. Jonathan ...
Plastic in the World’s Oceans Will Triple in Volume by 2040
The annual flow of plastics into our oceans is on a trajectory to triple over the next 20 years, which could add up to 110 pounds of plastic trash for every meter of coastline worldwide, a new report ...
U.S. Carriers Begin Crafting Police Professional Liability Cover
U.S. insurers and brokers are starting to craft professional liability coverage for police officers, spurred on by signs that policymakers in some cities and states want to use a financial stick to ...
The Latest Launches From SSP/Willis Towers Watson, PURE, and Berkshire Hathaway/GUARD
Insurance Software Company SSP joined a Willis Towers Watson program designed to help boost what it can learn from data. Privilege Underwriters Reciprocal Exchange, or PURE, has launched PURE Gold, a ...