Markets
AXIS Capital Accelerates Its Retreat From Coal Investments and Cover
AXIS Capital Holdings Ltd. said it will phase out insurance cover and investments in the coal business globally within the next 20 years. "It is our belief at AXIS that [insurance/reinsurance] ...
Russia’s Renaissance Insurance Will Reduce IPO Size
Russia's Renaissance Insurance Group will reduce the size of its IPO to $250 million from an initial $290 million, two sources told Reuters on Wednesday, selling only new shares plus an ...
Metromile Hires Travelers Vet to Guide ‘Significant Expansion” of Independent Agent Program
Metromile, Inc. said it is pursuing "a significant expansion" of its pilot using independent agents to sell digital insurance, and it has hired a Travelers veteran to lead the effort. Scot Rankin, a ...
Business Owners Remain Overconfident About Their Ransomware Risks and Preventative Steps: Embroker
Business owners – even many technology startups - remain vastly overconfident about both their risk for ransomware attacks and insurance they have in place to prevent them, according to a new ...
Amazon Appeals Record $865M Penalty for Alleged Violation of EU Data Protection Rules
Amazon.com Inc. appealed a record 746 million-euro ($865 million) penalty for allegedly violating the European Union's tough data-protection rules. The appeal was filed at the Luxembourg ...
The Latest Launches From Guy Carpenter and Tokio Marine Highland
Guy Carpenter launched a Wildlife Risk Score designed to help clients manage their exposure to wildfire risk in Europe. A division of Tokio Marine Kiln now offers fine art insurance for personal and ...
New York AG Orders Two Cryptocurrency Lending Platforms to Cease Activity
Two cryptocurrency lending platforms were asked to cease activities in New York by the state's attorney general on Monday and three other platforms were directed to provide information about their ...
Guidewire Launches Program to Connect Its Insurance Customers to Possible InsurTech Partners
Guidewire Software has launched a new program designed to connect its insurance industry customers to up-and-coming InsurTechs. Dubbed, Insurtech Vanguards, the program will highlight innovative ...