Personal Lines
Partnerships or Acquisitions? How Carriers Can Speed Their Digital Evolutions
While most carriers have embarked on the digital innovation journey, the results have been mixed. Although personal insurance carriers have made more headway over the past several years, the ...
Root Loses $85M, Secures P/C Shell Company for Further Growth
Root lost more than $85 million in its 2020 third quarter – its first as a public company following an initial public offering in October that raised $724.4 million. The Ohio-based digital auto ...
Chubb Gives COO Keogh Added Title of President
Chubb has given longtime Chief Operating Officer John Keogh the added title of president. As before, Keogh will continue to report to Chubb Chairman and CEO Evan Greenberg, and he'll continue to ...
Allianz to Grab Westpac’s General Insurance Unit for $535M
Australia's Westpac Banking Corp will sell its general insurance arm to German insurer Allianz for A$725 million ($535 million), it said on Wednesday, further trimming its portfolio to beef up ...
The Latest Launches From Slice Labs and AXA XL
Slice Labs is linking with a Nationwide MGA to develop and distribute digital, on-demand insurance. AXA XL's North America Construction insurance business launched a new digital platform.
Hover CEO Altman Eyes Growth, Future as a Standalone 3D Software Company
Often an InsurTech attracts venture investment from at least one insurer, sometimes two. For Hover's recent $60 million Series D round, there were three. Capital contributions came from the insurers ...
Fintechs Will Increasingly Squeeze Insurer Market Share: EU Official
Established insurers will face a squeeze on profits and market share as new financial technology companies muscle in on the industry, a senior European Union official said on Wednesday. More fintech ...
Empathy: What Pie Insurance Co-Founder Craig Cares About
This year has posed an unthinkable number of challenges, and it has me considering whether or not empathy can exist in insurance. How can we create a world where buying and using insurance isn't a ...
Hippo Attracts $350M Investment From Mitsui Sumitomo; Reinsurance Treaty Also Planned
Hippo Enterprises, an MGA InsurTech focused on homeowners insurance, secured a $350 million capital investment designed to help fuel further growth. A related reinsurance agreement is also part of ...