Markets
The Latest Launches From Hiscox, Roost and AXA XL
Hiscox has a new security product designed to help protect shipping targeted by nation states. A small carrier in North Dakota will start offering home telematics products from Roost. AXA XL's U.S. ...
Hippo Pulls in $100M Financing Round; Broader U.S. Expansion Planned
Hippo Insurance said it has secured a $100 million financing round that will help propel a broader U.S. expansion of its super-quick online homeowners insurance. Global technology investment firm ...
Europe Braces For Second Historic Heatwave
Europe is facing a second heatwave this summer, just weeks after the hottest June on record, intensifying concern over climate change and the rise in extreme weather events. Swathes of northwest ...
Equifax Customers Will Struggle to Get Claims Properly Addressed
Consumers affected by the massive Equifax Inc data breach in 2017 will not reap any windfalls from the credit reporting company's $700 million U.S. settlement announced on Monday, but may face a ...
Build vs. Buy: The Conundrum Facing the Commercial Insurance Industry as It Embraces AI
Artificial intelligence (AI) seemingly has been discussed everywhere over the last few years, and now it's made its way into the commercial insurance industry. Organizations are using AI and machine ...
Travelers CEO Schnitzer: ‘Lots of Levers’ Can Be Pulled to Keep Improving Margins
The Travelers Companies CEO Alan Schnitzer reassured analysts that the insurer "has lots of levers" it can pull to keep improving margins and profitability, even though its combined ratio ticked ...
Price Increases Boost Chubb’s Premiums but Net Income Dips Slightly
Chubb's saw its net income dip slightly and its P/C combined ratio nudge higher during the 2019 second quarter, but price increases led to solid premium gains. "This quarter was about growth and ...
New Zealand InsurTech Startup Cove Draws Investment From Greenlight Re
Greenlight Re Innovations (GRI), a subsidiary of specialist property and casualty re/insurer Greenlight Capital Re Ltd., announced it has made a strategic investment in Cove Ltd., a New Zealand-based ...