Markets
Calif. Wildfire Insured Losses at $3.3B and Rising: Regulator
Wildfires in California have caused insured losses of more than $3.3 billion, based on claims reported by 15 insurers, and the figure will rise, the California Department of Insurance said on ...
Aspen Launches $160M Cost-Saving Program After Money-Losing Q3; Job Cuts Likely
Aspen Insurance Holdings Ltd. said it will launch a program to boost operating efficiencies and save $160 million over three years. An unknown number of job cuts are also likely. Aspen spokesperson ...
Warranty Analytics Startup WePredict Raises $4M; Munich Re Is Lead Backer
Analytics startup WePredict raised $4 million in a funding round led by Munich Re's venture capital arm HSB Ventures. Munich Re is also teaming with the company as it launches its first auto ...
EU, UK, Near Agreement on Faster-Paced Brexit Talks
The European Union's chief Brexit negotiator said he's ready to intensify the pace of talks with the U.K, as the window of opportunity to begin trade talks this year is closing. "I'm ready to speed ...
Investors Press U.S. Drug Companies to Review Opioid Legal, Financial, Reputational Risks
U.S. shareholder activists are addressing the soaring death toll from opioid drug abuse, asking companies that make and distribute the painkillers to review the risks their businesses could face from ...
Ebix Will Pay $74.9M for Via, an Online Travel/E-Commerce Exchange
Ebix Inc. said that one of its Singapore subsidiaries will acquire Via.com, an Omni-channel online travel and assisted e-commerce exchange. The price tag: $74.9 million. Ebix, a provider of on-demand ...
Executives On The Move at AIG and Swiss Re
A former AIG executive has returned to the insurer to take on a newly-created role. Swiss Re's Corporate Solutions unit appointed a new executive with a North America focus. *** Chris Townsend will ...
Etherisc, an InsurTech Startup, Is Marketing Blockchain-Based Flight Delay Insurance
Etherisc, a Zug-Switzerland-based insurance platform startup, has begun offering blockchain-based flight delay insurance, called Flight Delay, which automates the process of getting an insurance ...