Global Economy
Lemonade’s European Expansion Begins in Germany
Lemonade is making good on its promise to expand into Europe, with news that it is now open for business in Germany. The New York-based startup said it has started offering contents and liability ...
For Legacy Carriers, It’s About Technology With a ‘Human Touch’
The digital transformation of the insurance industry isn't just for InsurTech startups any more. At Allstate, 60 percent of claims are now filed with a cell phone application that allows ...
Two Execs at Lloyd’s Insurer TMK Booted After Sexual Harassment Allegations
Two executives at a top Lloyd's of London insurance company have resigned following allegations of sexual harassment. One was accused of groping colleagues at a booze-fueled party, the other of ...
Three Business Cases Added to SCOTUS Roster That Would Curb Lawsuits
The U.S. Supreme Court bolstered its next term with three new business cases, agreeing to consider curbing lawsuits over environmental cleanups, employee retirement plans and allegations of racial ...
Men Rejected for Google Jobs Clear Hurdle Over Lawsuit Alleging Liberal Bias
White conservative males who allege that liberal bias at Google Inc. doomed their chances of getting hired by the tech giant cleared the first hurdle to proceed with their lawsuit. A California state ...
Executives On The Move at AIG, QBE North America and Aspen Re
An Accenture veteran is joining AIG to fill a leadership role within its General Insurance Division. QBE North America appointed a new president, Alternative Markets. Aspen Re named a Tokio ...
Swiss Re Moves Ahead With Planned $4.5B IPO for UK Life Biz
Swiss Re is pressing ahead with plans to float its $4.5 billion UK life insurance business in London to put it under a more favorable regulatory regime and give it easier access to capital to fund ...
AIG Appoints Validus Re’s Driscoll to General Insurance Leadership Role
American International Group appointed the former CEO of Validus Re to a leadership role within its General Insurance unit. Ken Driscoll was named Global Chief Underwriting Officer for Property and ...