Markets
Insurance Withdrawal Puts Sports and Festival Events at Risk
While there was debate about the wisdom of the Tokyo Olympics proceeding as scheduled given the current health conditions, the insurance industry dodged a bullet with the go-ahead. According to ...
MGA reThought Insurance Nails $15.5M Investment to Boost Flood Insurance Market Push
The MGA reThought Insurance secured a $15.5 million investment round designed to accelerate its growth in the U.S. Commercial flood insurance market. Several investors participated in the Colorado ...
CFC Underwriting Picks Newman as CEO; Walsh Moves to Group CEO
CFC Underwriting, the London-based specialist managing general agent, announced that Chief Innovation Office Graeme Newman has been appointed as the company's new CEO. Founder and current CEO, Dave ...
For Insurance Software Company Earnix, More Acquisition Targets Will Follow Its Driveway Deal
Earnix CEO Udi Ziv predicts his company will pursue more acquisitions in the coming months. News that the Israel-based software company focused on insurers and banks would seek more M&A targets ...
Google Accuses Microsoft of Failing to Release Documents in Antitrust Lawsuit
Alphabet's Google has asked a judge hearing the Justice Department's antitrust lawsuit against the search and advertising giant to compel Microsoft to turn over documents, saying it has failed to ...
The Hartford’s Q2 Net Income Is 94% Higher Than Last Year
The Hartford reported $900 million in net income in the 2021 second quarter, a 94 percent jump from second quarter 2020. Core earnings of $836 million were up 91 percent from second quarter 2020. ...
UK Drone Insurer Flock Raises $17M for Planned Expansion
British drone insurer Flock has raised $17 million from investors in early-stage funding led by venture investor Chamath Palihapitiya's Social Capital, Flock said on Thursday. Flock started out ...