Personal Lines
Lower Cat Losses, Higher Premiums, Helped Make Travelers’ Q3 Results Soar
Property and casualty insurer Travelers Corp on Thursday reported a third-quarter profit that more than doubled, driven by lower catastrophe losses and an increase in premiums and investment income. ...
InsurTech Startups Click2Sure, Jooycar, Attract New Financing
Greenlight Capital Re has invested in another startup, this time a digital insurance platform launched in South Africa. Miami-based private equity firm HCS Capital Partners said it has committed ...
After Applied, Google ‘Definitely’ Looking for Other InsurTech Investments
Google is eager to invest in other insurance technology companies well beyond its newly announced minority stake in Applied Systems, a principal investor with the global search engine giant said on ...
Net Income Doubled for P/C Insurers in the 2018 First Half
U.S. property/casualty insurers saw their net income after taxes more than double to $34 billion in first-half 2018 from $15.5 billion in first-half 2017, with the help of lower catastrophe losses, ...
Lemonade Investor SoftBank Will Pump More Money Into Insurance
SoftBank's Vision Fund plans to pump more money into insurance, a sector it sees as both ripe for disruption and a potential booster for its bigger bets in cars, health and financial services, a ...
Google Invests in Applied Systems, a Maker of Cloud-Based Software for Independent Agencies
Google's investment arm has purchased a minority stake in Applied Systems, an Illinois-based global provider of insurance technology and cloud-based software for independent agencies. Google has ...
New U.S. Law Places Greater Focus on Disaster Resilience, Though Shortfalls Remain
The U.S. government is starting to focus more on disaster resilience, rather than just responding to natural catastrophes when they occur – something long called for by the property/casualty ...
Bank of England Urges Insurers, Financial Institutions to Form Credible Climate Change Plans
Britain's banks and insurers must come up with credible plans for protecting themselves against risks from climate change and may need to hold more capital, the Bank of England said on Monday. ...