Personal Lines
EU Eases Insurance Rules With $141 Billion Economic Boost
The European Union proposed changing the bloc's capital rules for insurers on Wednesday to release 120 billion euros ($141 billion) for repairing an economy hit by COVID and to meet climate goals ...
Root Promotes CFO Rosenthal to New Position Designed to Accelerate Growth Initiatives
Root promoted CFO Daniel Rosenthal to the new position of Chief Revenue and Operating Officer, an organizational change the Ohio-based digital auto insurer is pursuing to help accelerate growth. In ...
Zurich Joins $10 Million Venture Round for Cyber InsurTech BOXX; Partnership Planned
Zurich Insurance has joined a $10 million venture investment round for BOXX, a Toronto-based cyber insurer for small businesses, individuals and families. The startup said it has also formed a global ...
Insurer M&A Activity Up — But Not for P/C Sector
Most insurance sectors saw an increase in merger and acquisition activity in the first half of 2021, according to Deloitte's latest Midyear Insurance M&A Outlook. The number of M&A deals is ...
Bolttech Extends Series A Financing to $210M as Plans to Grow Signature Platform Continue
InsurTech startup bolttech announced the extension of its recently announced $180 million Series A funding round led by Activant Capital Group, bringing the series total to $210 million. The funding ...
Mutual Insurers Returned Nearly $13B in Premiums Through 2020
Mutual insurers returned nearly $13 billion in premiums through 2020 in response to policyholders' COVID-19-related challenges, and the sector ran at an underwriting loss as a result. Still, the ...
Executives On The Move at AXA XL and Policygenius
AXA XL is having one of its executives take on additional responsibilities as its new Marine Liabilities Global Practice Leader. Online insurance marketplace Policygenius hired a new Head of Customer ...
RIMS Wants Attendees at Future Events to Provide COVID-19 Vaccination Proof
The insurance industry trade group RIMS now requires anyone attending its events in the coming months to provide they're fully-vaccinated for COV-19. RIMS said the requirement is effective ...