Markets
Hippo to Go Public Through Reverse Merger Valuing Company at $5B
Hippo has become the latest InsurTech with plans to go public through a reverse merger transaction with a Special Purpose Acquisition Company. The startup – an MGA focused on digital homeowners ...
Progressive’s ‘Apron Relief’ Continues; Snapshot 30-Day Monitoring Available
While Progressive gave back more than $1 billion of premiums last year, and lowered rates in recognition pandemic-related reductions in driving activity, the insurer is offering more potential ...
Alleghany Corp. CEO Hicks to Retire; Brandon Will Replace Him
Alleghany Corp. has triggered a changing of the guard, with a new CEO slated to take over at the end of 2021. Current CEO Weston Hicks will retire as CEO and as a director of property/casualty ...
The Latest Launches from CNA and RSA Group
CNA is rolling out a proactive program of cyber risk services in Canada designed to help companies take a holistic approach to cyber threats. Duck Creek Technologies and Capgemini are working with ...
Microsoft: Chinese Hackers Struck Groups Via Server Software
A China-linked cyber-espionage group has been remotely plundering email inboxes using freshly discovered flaws in Microsoft mail server software, the company and outside researchers said on Tuesday - ...
Hiscox Loses Money From Virus Claims; Cites ‘Brand Damage’ From Court Case
British insurer Hiscox reported a big loss for 2020 after a jump in claims from businesses disrupted by the COVID-19 pandemic and also faces "brand damage" from a legal dispute over policy wordings ...
Beazley CEO Horton Will Leave to Lead QBE
Beazley Chief Executive Officer Andrew Horton is leaving to become the group chief executive officer of QBE Insurance Group Ltd. in Australia, the two companies announced. Horton will be succeeded in ...
PLUS Starts New Designation Program for Cyber Liability Professionals
Cyber liability professionals can access a new designation program at the Professional Liability Underwriting Society, or PLUS. The Cyber Professional Liability Practitioner (CPLP) designation builds ...