Personal Lines
Two InsurTechs Merge, With a Focus on Broadening Embedded Insurance Reach
Two InsurTechs plan to merge in an effort to more broadly tap into embedded insurance demand for travel and other e-commerce businesses. Seeto, which focuses on helping e-businesses build embedded ...
More than 80% of Policyholders Want to Text Their Insurers
More than 80 percent of policyholders would prefer to communicate with their insurance company or agent via text, according to a new survey from communication platform Hi Marley. And the vast ...
AIG Will Use IPO, Sale to Blackstone, to Unload Pieces of Life/Retirement Biz
American International Group Inc plans to use an IPO to sell part of its life and retirement business, while Blackstone Group Inc agreed to buy a sizeable stake, according to a person familiar with ...
Liberty Mutual’s Financial Strength Ratings Won’t Be Harmed by State Auto Acquisition: Fitch Ratings
Liberty Mutual Holding Company's planned $1 billion cash acquisition of State Auto Group should not affect its financial strength rating at all, Fitch Ratings said. The reason: Liberty Mutual is ...
Cape Analytics Pulls in $44M in New Financing From Multiple Investors
Cape Analytics has attracted $44 million in new financing, and the provider of property data plans to use the funds for expansion, accelerated product development, and hiring of more machine ...
Aviva Warns UK Government Safety Plan for High-Rise Buildings Could Push Away Investors
Aviva Plc, the UK insurer and asset manager, warned the government that new safety proposals for high-rise apartment blocks could steer institutional investors away from the residential property ...
Climate Change Financial ‘Stress Tests’ Need Better Data and Modeling: Global Oversight Body
Climate change financial 'stress tests' will need to be improved with better data and modeling, a new paper by a global oversight body has recommended, but potential losses at individual banks or ...
Online Insurance Marketplace Policygenius Reportedly Exploring Going Public Through SPAC Merger
Policygenius Inc., an online insurance marketplace, is in talks to go public through a merger with the blank-check company PWP Forward Acquisition Corp. I, according to people with knowledge of the ...