Personal Lines
Insurers Eye Post-Pandemic Clout While Pursuing Major Merger Deals
Insurers pummeled by the pandemic are looking to deals as they race to see who'll emerge strongest when the outbreak subsides. The takeover of RSA Insurance Group Plc and Allstate Corp.'s largest ...
The Climate Factor: Why 100 Years of Data Is Not Enough for Cat Models
Catastrophe models are designed to help risk managers in different industries understand the probability of occurrence of extreme events, typically for the next several years. But the time horizon ...
$2 Trillion Won’t Be Enough for the Next Black Swan Event
There aren't many contexts where $2 trillion seems like a paltry sum. Then a pandemic comes along. The economic fallout from COVID-19 has left insurers issuing existential warnings and businesses ...
Germany’s Getsafe Raises $30M from Swiss Re, Others; Eyes Becoming Full Carrier
Digital MGA Getsafe disclosed $30 million in new financing led by new investor Swiss Re. The Heidelberg, Germany-based InsurTech said the money will help build its market dominance among millennials ...
Automated Police Drones Raise Privacy Concerns, and Other Risk Alerts
Police can now dispatch flying drones to answer 911 calls with the press of a button. Coastal cities in the U.S. could be facing a new housing crisis in the next few decades. Some ransomware gangs ...
Lemonade Pushes Into France With Renters Insurance
Lemonade has started selling renters insurance in France, the third European country into which it has expanded so far. Residents of France can now purchase the coverage using any device, at any ...
Executives On The Move at Guy Carpenter and Aviva
Guy Carpenter appointed an executive to lead its Japan operations. Aviva named an AIG veteran TO lead its international operations.***
Guy Carpenter & Co. ...
Travelers Will Buy Plymouth Rock’s Digital Agency InsuraMatch for Undisclosed Price
The Travelers Companies has agreed to acquire InsuraMatch, a national digital independent insurance agency, from the Plymouth Rock Group of Companies. Neither side disclosed financial terms. The ...