Personal Lines
Inconsistent Data Hampers Climate Risk Assessment in Finance
Comparing how banks and insurers from different countries cope with climate change is being hampered by a lack of consistent data, the Financial Stability Board said on Wednesday. Regulators are ...
Chubb Makes North America, Overseas Executive Promotions
Chubb made a few new executive promotions affecting its North America and overseas operations. Tim Stapleton has been named Executive Vice President, Financial Lines, Overseas General Insurance – ...
AIG Will Move to New Manhattan HQ in 2021
American International Group is moving its global headquarters in 2021 as part of a continued push to modernize its operations, the company disclosed on July 21. The property/casualty insurance giant ...
InsurTech Hippo Eyes 2021 IPO After Landing $150M in New Financing
Hippo Enterprises Inc., hot on the heels of rival home insurance technology business Lemonade Inc. going public, has closed a $150 million financing round. The Palo Alto, California-based startup is ...
The Latest Launches From Farmers Insurance and Berkshire Hathaway/GUARD
Farmers Insurance has started selling customizable auto, home, condo and renters policies in Kentucky. Berkshire Hathaway GUARD Insurance Companies added Missouri, Washington and Wisconsin to the ...
Insurance Software Firm Majesco Will Be Acquired by Private Equity Outfit for $594M
Cloud insurance software firm Majesco said it has agreed to be acquired by Thoma Bravo, a private equity firm focused on the software and technology services sectors, in a transaction valuing the ...
Bonus Payments for Insurer CEOs Up 5 Percent in 2019: Study
Bonus payouts for insurance company chief executive officers continued to be above target and commensurate with good financial results and strong total shareholder return in 2019, according to a new ...
China Pledges More Insurance Protection, Lending Support for Flood-Hit Areas
China's banking and insurance regulator on Saturday announced measures to further increase credit and lending support and insurance protection for areas that suffered from recent floods. The China ...