Markets
Pie Insurance Touts New Premium Milestone
Pie Insurance disclosed it has reached a premium milestone in the months after raising $127 million in new venture capital financing in May. The InsurTech and MGA focused on workers comp insurance ...
Q3 Natural Catastrophe Losses Bearable Even as COVID-19 Hits Keep Growing: Fitch
As the U.S. P/C Industry gears up for 2020 third quarter earnings disclosures, indicators point to an elevated number of natural catastrophe losses, Fitch Ratings said in a new market update. Fitch ...
AXA Completes Sale of Eastern Europe Operations to UNIQA
AXA said that it has completed the nearly $1.2 billion cash sale of its life and savings, property and casualty, and pension businesses in Poland, Czech Republic and Slovakia to Austria's UNIQA ...
Insurance Acquisition Corp. Launches IPO After Completing Shift Auto Retailer Deal
Shares of Shift Technologies Inc. fell 6.7% in their Nasdaq debut on Thursday after the online used-car seller went public through a reverse-merger deal with blank check firm Insurance Acquisition ...
FCC Pledges to Clarify Key Social Media Legal Protections
Federal Communications Commission chairman Ajit Pai said Thursday the agency will move forward to set new rules to clarify the meaning of a key legal protection for social media companies. The ...
Executives On The Move at AXIS Re, Lockton Re and Earnix
AXIS Re made two new underwriting hires to expand its North America Casualty team. Lockton Re hired a Senior Broker to be part of its Marine & Energy Division. Earnix, a provider of advanced ...
Employers Believe They Promote Healthy Mental Health Discussions, but Workers Disagree: The Hartford
Most employers feel they encourage healthy discussions about mental health, but a large number of their employees feel differently, a new study from The Hartford has concluded. The Hartford Found 68 ...
Pirate Kidnappings Soar in Waters off the West African Coast
The number of kidnappings reported off the West African coast in the year through September is 40% higher than the same period in 2019, according to the International Maritime Bureau. Piracy ...