Markets
Neptune Partnerships Help Double Its Lloyd’s Capacity
Neptune Flood, an online flood insurance company, has entered into strategic underwriting partnerships that double its capacity at Lloyd's. Neptune, a Lloyd's Coverholder since 2017, is now working ...
Industry Needs to Reinvent Itself to Stay Relevant: McKinsey
The insurance industry has proven its resilience in recent years, weathering billion-dollar natural catastrophe events, increased cyber risk and now a pandemic, but this resilience will be tested ...
CM Virtual Summit Preview: Future InsurTechs Might Rely More on Bootstrapping
While the coronavirus pandemic is widely expected to force a big drop in InsurTech venture capital investment, some experts suggest the industry will still see plenty of startups. This time, however, ...
COVID-19 Pushes AIG’s P/C Insurance Business Into the Red
After years of losses and just 12 months of underwriting income, American International Group's property/casualty business has lost money again. For that, COVID-19 is to blame. AIG said the P/C arm ...
Zurich North America and Tokio Marine Kiln Each Hire a Former Chubb Exec
Two former Chubb executives have joined Zurich North America and Tokio Marine Kiln, respectively, in leadership roles. Alexander Wells is Zurich North America's new U.S. head of middle market, ...
Insurers Struggle to Accurately Predict Upcoming Coronavirus Costs
Insurers are normally great with numbers. But the coronavirus pandemic has them struggling to estimate how many billions of dollars in losses they face, and what the fallout will be for their massive ...
Self-Driving Vehicles, Robots Prove Their Worth With Contactless Deliveries
Self-driving cars, trucks, sidewalk robots and shuttles are rolling out of the labs and parking garages and onto American streets to help deliver groceries, meals, and medical supplies. Although ...
AIG Rolls Out Largest-Ever Syndicate at Lloyd’s, Focusing on High Net Worth Clients
American International Group has launched Lloyd's Syndicate 2019 — the largest-ever syndicate to be launched at Lloyd's. Syndicate 2019 will exclusively reinsure risks from AIG's Private Client ...