Markets
Howden Group to Acquire TigerRisk Partners to Create ‘Much-Needed’ Fourth Reinsurance Broker
Howden Group Holdings said it has created the "much-needed fourth global player in the reinsurance market" with an announcement it has acquired TigerRisk Partners to bolster the scale and depth of ...
House Committee to Hold Hearing on Soaring U.S. Traffic Deaths
A U.S. House of Representatives subcommittee on Wednesday is holding a hearing on soaring American traffic deaths and efforts to build safer roads. Last year, traffic deaths jumped 10.5 percent to ...
AXIS Exits Property Reinsurance to Focus on Specialty; Leadership Team Restructured
AXIS Capital Holdings Ltd. announced it has completed the shift of AXIS Re from property reinsurance to focus instead on casualty, specialty, accident and health, and credit lines. With the refocus ...
Supreme Court Refuses to Hear COVID Business Interruption Case
The U.S. Supreme Court decided Monday that it will not hear an appeal of a decision that denied coverage for losses caused by COVID-19 shutdown orders, effectively closing the last door for such ...
New Predictive Tool Finds Facebook Users’ Language Detects Those at Risk for Dangerous Drinking
The language used in Facebook posts can identify people at risk of hazardous drinking and alcohol use disorders (AUDs), according to a new study. Social media platforms are a "low-cost treasure ...
The Latest Launches From Captain and Cloud to Street
Offering innovations to promptly respond to victims of natural disasters, fintech Captain and climate adaptation technology company Cloud to Street recently announced new product ...
A Fintech Founder’s Backstory: Who Is Demetrius Gray?
During a 45-minute interview, the founder and CEO of a fintech company known as Captain told Carrier Management a little bit about his career path to his current leadership role. Along the way, ...
Cyber Continues as Outlier in Otherwise Stabilizing Commercial P/C Market: USI
A mid-year update on the commercial property/casualty market from USI Insurance Services is the latest to report rate stabilization in most lines of business — except for cyber. The cyber insurance ...