Markets
EIS Eyes New Insurance Software Growth Phase With $100 Million TPG Investment
Insurance software company EIS secured a $100 million investment from private equity firm TPG, money designed to help it accelerate product development across multiple product lines. A geographic ...
EU to Update Workplace Safety Rules to Address Remote Work, Mental Health
The European Commission plans to update its rules on worker safety to reflect the shift millions employees made to working from home during the COVID-19 pandemic and to reflect the anticipated ...
France’s Covéa Reportedly Interested in Grabbing AXA XL’s Reinsurance Biz
Covéa, the French non-life mutual, is interested in acquiring AXA XL's reinsurance business, AXA Re, in deal that could be valued at €5 billion, according to press reports. The news story, which ...
E-Cigarette Maker Juul to Pay NC $40M to Resolve Claims It Marketed to Minors
E-cigarette maker Juul Labs Inc has agreed to pay $40 million to North Carolina to settle a lawsuit by the state accusing it of marketing its products to minors. The settlement, announced on Monday ...
Global RV Rental/Travel Marketplace Outdoorsy Raises $120M, With Plans to Expand Insurance Division
Digital MGA Roamly is poised for expansion, thanks to more than $120 million in equity and debt financing raised by parent company Outdoorsy - a global online RV rental and outdoor travel ...
Hiscox Agrees to Arbitration Settlement with UK Policyholders over COVID-19 BI Losses
Hiscox has agreed an arbitration settlement with a group of policyholders over business interruption losses due to the government's COVID-19 lockdown last year, the Lloyd's of London insurer said on ...
Warning: High-Tech Cyber Crime Will Keep Coming, ‘Terminator’-Style
Businesses worldwide are fighting sophisticated data scientists as they battle to protect their data-rich computers from cyber crime - and the costly attacks are not going to stop, a top expert at ...
Alldredge Named New NAMIC Leader, Succeeding Chamness
The National Association of Mutual Insurance Companies promoted one of its veteran executives to become its next president and chief executive officer. Neil Alldredge takes on the top spot as of July ...