Markets
Viewpoint: More Assertive SEC Gets Tough on SPACs
Investor Jeremy Grantham says special purpose acquisition companies, which raise money in an initial public offering and then find a promising company with which to merge, are a "license to rip ...
Double-Digit Rate Hikes Help Propel W.R. Berkley’s Robust Q1 Results
W.R. Berkley Corp. reported record quarterly underwriting income, double-digit premium growth and healthy rate increases in the first quarter. The commercial lines insurer and reinsurer also saw its ...
White House Unveils 100-Day Plan to Protect Power Grid From Cyber Attacks
The White House unveiled on Tuesday a 100-day plan intended to protect the U.S. power grid from cyber-attacks, mainly by creating a stronger relationship between U.S. national security agencies and ...
Insurers Will Boost Private Equity Investments, Scale Back Hedge Fund Focus
Insurers want to put more money into private equity this year while scaling back on hedge funds, a survey by Goldman Sachs Asset Management showed on Wednesday. Private equity was the most-favored ...
Small Insurance M&A Deals Create More Value: McKinsey
McKinsey analysts believe insurers focused on large one-off deals undertaken to scale their companies and those who stick to organic growth are both headed down unfruitful paths if outsized ...
InsurTech Archipelago Pulls in $34M for AI Risk Platform Expansion
Archipelago raised $34 million in new financing from multiple investors, with plans to use the money for further expansion of its operations and technology – a risk data platform with artificial ...
$50B California Court Case Over ‘Deadly Legacy’ of Opioids Begins
Four drugmakers helped cause the deadly U.S. opioid epidemic by deceptively marketing their drugs and downplaying their addictive risks, a lawyer for several California counties argued on Monday at ...
Premium Givebacks Among U.S. P/C Insurers in 2020 Reached $13B: AM Best
U.S. property/casualty insurers returned nearly $13 billion in premiums in 2020 thanks to reduced exposures from the COVID-19 pandemic, AM Best said in new commentary. What's more, a sizable part of ...