Commercial Lines
InsurTech Financings Rebound in Q2; A Longer Recovery Remains in Question
InsurTech venture capital investments rebounded strongly in the second quarter after a pummeling earlier in the year due to growing pandemic-related uncertainty in the financial markets. Firms in the ...
Sapiens to Acquire Rival Delphi Technology, With Eye on MPL Space
Sapiens International Corp. said it plans to pay nearly $20 million for rival software company Delphi Technology in order to more deeply penetrate the medical professional liability insurance space. ...
Goodbye to Workers Comp Profits in 2020 (Blame COVID-19)
The workers compensation line is unlikely to generate a profit this year and may not recover in 2021, an insurance industry economist said during a webcast Thursday. Steven N. Weisbart, senior vice ...
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 ...