Markets
Neon Names MS Amlin Veteran Heppel as New CFO
Neon, the specialist Lloyd's insurer, has a new chief financial officer. Richard Heppell took on the position as of Nov. 20. Previously, Heppell was CFO at MS Amlin, where he oversaw the complex ...
Ascot Re Begins in Bermuda; Berger Appointed as CEO
Ascot Group Ltd. has launched Ascot Reinsurance Co. Ltd. after receiving approval from the Bermuda Monetary Authority (BMA). Ascot Re has received an additional injection of $1 billion of funds and ...
Chubb Takes Deeper China Dive Through Multiyear Partnership Agreement
Chubb signed a 10-year strategic cooperation deal with a Chinese insurer that lets it take a deeper dive into China's market. The agreement is with PICC Property & Casualty Company of China., and ...
ClimaCell, a Weather Prediction Tech Startup, Raises $15M Series A
ClimaCell, a Boston-based weather technology startup, has raised $15 million in Series A venture funding. The company provides high-definition weather forecasting tools to businesses and governments, ...
Zurich Will Earmark $5B for Impact Investments
Zurich Insurance Group AG plans to more than double its allocation to impact investments, earmarking $5 billion for a broader range of assets after devoting $2 billion to green bonds in recent years. ...
Fla. Puts Workers Comp Carrier Guarantee Insurance in Receivership
Florida insurance regulators have placed workers compensation carrier Guarantee Insurance Co. in receivership due to inadequate reserves. According to documents from the Florida Office of Insurance ...
Global Regulators Rethinking How to Assist Risks in Large Insurers
Global regulators are rethinking how to assess risks in big insurance companies, marking a shift that could make life easier for the industry. The Financial Stability Board said on Tuesday it could ...
For Over a Year, Uber Concealed Cyber Attack That Exposed 57 Million People’s Data
Hackers stole the personal data of 57 million customers and drivers from Uber Technologies Inc., a massive breach that the company concealed for more than a year. This week, the ride-hailing company ...