Markets
Fairfax’s Watsa Gives ‘Mindboggling’ Takeover Testimony Leading to Shareholder Court Award
Canadian investor Prem Watsa was "purposely forgetful" and offered a "mindboggling" explanation in court testimony explaining why he backed a low-ball bid for a pulp mill in a sale to Resolute Forest ...
InsurTech Speakers Blaze Trail From Michelin Guides to Smartphones
People who buy gasoline generally don't care for the product or enjoy the experience of pumping gas—they just want to drive. Chris Colborn, chief experience officer for the Lippincott creative ...
Nationwide Eyes Q4 Rollout for Spire, a Digital Auto Insurance Platform
Nationwide is striking hard against digital insurer upstart competitors with the debut of Spire, a digital auto insurance platform with an eye on millennial customers. Spire rolls out in the 2019 ...
Rethinking the Limits of Parametric Insurance
It's time to rethink the limits of parametric insurance. The concept behind parametric insurance is not new. Insurance payouts automatically triggered by an event exceeding an index level have ...
Executives On The Move at AmTrust and BHSI
AmTrust Financial Service's E&S unit launched its new excess casualty underwriting division and has hired a former Everest Reinsurance Division to lead it. An ex-RSA executive will lead Bershire ...
Munich Re, AAIS Partner to Develop Private Flood Insurance Incentives
Munich Re said it will work with an insurance industry non-profit to help close the flood insurance gap in the U.S. and creative potential incentives for a private market. The global reinsurer's ...
JLT Specialty USA Founding Leader Rice Becomes CEO of CAC Specialty
Newly launched specialty insurance broker CAC Specialty announced the appointment of Michael D. Rice II as its chief executive officer. Rice brings years of experience in the brokerage industry. Most ...
Lockton Joins $32 Million Funding for Bold Penguin, a Commercial Lines InsurTech
Bold Penguin, a commercial insurance technology provider in Columbus, Ohio, said it has completed a $32 million Series B funding round, bringing the total capital it has raised to more than $50 ...