Personal Lines
Lemonade’s Latest Launch Protects Puppies and Kittens
InsurTech Lemonade is now offering a preventative care package designed specifically for dogs and cats under two years old. The new addition will be part of the company's Lemonade Pet insurance ...
InsurTech Five Sigma Raises $12M for Cloud-Based Claims Platform Expansion
Israel's Five Sigma raised $12 million to accelerate growth and expansion of its cloud-based claims platform. The investment firm 83North led the Series A round, which also included existing ...
Hurricane Ida Will be Historically Costly – One for the Record Books
Hurricane Ida will likely become one of the costliest U.S. mainland hurricanes on record both on a nominal and inflation-adjusted basis, according to Aon's monthly Global Catastrophe Recap report, ...
Jetty Raises $23M, Launches Product to Help Renters Cover Monthly Payments
Jetty has raised $23 million in additional venture capital and launched a new product that helps renters cover their monthly payments. Jetty's Jetty Rent coverage will pay rent on behalf of renters ...
Digital Auto Insurer Marshmallow Is One of First Black-Founded UK Unicorns
Digital motor insurer Marshmallow has raised $85 million from investors, valuing it at more than $1.25 billion and making it one of the first British Black-founded unicorns, the company said on ...
Global P/C Premiums Will Double by 2040, Driven by Climate Change and More: Swiss Re
Global property/casualty premiums are expected to more than double to $4.3 trillion in 2040 from $1.8 trillion in 2020 – growth driven by economic development, urbanization and climate change, ...
AIG CEO Zaffino to Add ‘Chairman’ to Title Starting Jan. 1, 2022
Peter Zaffino, American International Group's CEO since March, will add "Chairman of the Board of Directors" to his title as of Jan. 1, 2022 after Brian Duperreault retires. Zaffino succeeded ...
Old-School Carriers Are Joining Digital Exchanges, Adding Twist to Marketplace Competition
Major U.S. insurers are joining new digital exchanges to sell not only their own policies but also those of rivals, a fresh twist in an industry known for fierce competition. The powerful new ...