Personal Lines
Global Insurance Accelerator Begins Search for New Director; Hemesath to Take New Role
The Global Insurance Accelerator (GIA) has begun a search for a new managing director. Brian Hemesath, the current managing director who has taken GIA from concept to a leadership role in InsurTech, ...
UK Insurer Shares Tank After Hostile Weather and RSA Profit Warning
Just like a lot of British houses this summer, U.K. insurance stocks are sinking. The country's nonlife insurers sector had its steepest drop in more than a year-and-a-half on Friday after its ...
Zurich Commits $414M to Acquire Majority Stake in Indonesia Insurer
Zurich Insurance is acquiring an 80 percent stake in Indonesia's Adira Insurance from PT Bank Danamon Indonesia and a minority investor for at least around $414 million, the Swiss group said on ...
Slice Labs, Marketing On-Demand Insurance Platform, Raises Another $20M From Multiple Carriers
Slice Labs disclosed it has pulled in another $20 million in venture financing, with plans to use the money to accelerate globalization of its platform that enables on-demand insurance. The ...
Berlin-Based InsurTech Startup Debuts Home Content Insurance Cover; Micro Policies Planned
InsurTech startup Coya has launched home content insurance cover, designed to be "affordable, transparent and easily accessible." But Berlin-based Coya said home insurance is just the start and that ...
China’s Anbang Insurance Group Draws Multiple Bidders for $200M in Japanese Real Estate
Anbang Insurance Group Co Ltd aims to sell $200 million worth of Japanese real estate to bidders including Blackstone Group LP, about two years after buying them from the U.S. investment firm, two ...
Cautious Carriers Often Pursue Innovation Warily: A.M. Best
Insurers are reluctant pursuers of innovation, cautious about disruption that new technology and systems can cause, even as they see the need for such changes. A new A.M. Best survey found that most ...
Opinion: Climate Change Costs Could Be Even Higher Than Some Predict
The potential costs of climate change, already the subject of heated debate, may actually be understated. It's not just the potential disruptions to weather systems, agriculture and coastal cities; ...