Commercial Lines
Planck Re, a Commercial Insurance Data Platform Startup, Raises $12M
Planck Re, a commercial insurance data platform startup, nailed down $12 million for its first formal financing. Arbor Ventures led the round, which also included Viola FinTech and Eight Roads. Plans ...
Oil CEOs Pursue Argument Against Being Sued Over Climate Change
Leaders of the world's largest oil companies want everyone to know it won't do anyone any good to make them pay for the damages of climate change. Executives have been making the argument after a ...
UK Financial Firms Ordered to Prepare Readiness Plan for Possible Cyber Attacks
Many U.K. financial firms don't have a Plan B to fall back on if they're hit by a cyber attack. The Bank of England wants to change that. Financial regulators told firms to come up with a detailed ...
The Private Flood Insurance Market Grew Considerably in 2017
During 2017, the private flood insurance market expanded considerably with 50 new carriers. In total, insurers reported direct private flood insurance premiums written of $630 million—an increase ...
Rebranded Liberty Mutual Re Starts in U.S. Marine Market and Debuts in Italy
Liberty Specialty Markets has rebranded its reinsurance division as Liberty Mutual Re, has begun writing marine business in the U.S. for the first time and is opening for business in Italy. Scott ...
AmTrust Struck With A.M. Best Ratings Downgrade
AmTrust Financial Services got slapped with a downgrade of its financial strength and credit ratings from A.M. Best, even as the company's stockholders recently approved a bid to take it private. The ...
Executives On The Move at Hamilton Insurance Group and Chubb
Hamilton Insurance Group named a new Group Head of Human Resources. Chubb promoted two executives in its overseas Global Energy arm. *** Hamilton Insurance Group appointed Daniel Fisher as Group Head ...
Zurich Insurance Extends Flood Resilience Alliance for 5 More Years
Zurich Insurance Group plans to extend its flood resilience alliance for a second five-year period, until 2023. The alliance, including non-profits, academia and Zurich's risk management experts, has ...