Specialty
Neptune Flood’s Albert: InsurTech Enables Cheaper and More Efficient Flood Coverage
While few carriers are in the flood insurance market, Neptune Flood Insurance sees opportunity. Most of the market is covered by the National Flood Insurance Program, but founder and CEO Jim Albert ...
James River Dropped Uber Due to Coverage Risks, Particularly in Florida
A Bermuda-based insurer that recently severed ties with an Uber Technologies Inc affiliate said on Thursday the risk of providing driver ride-hailing coverage had become too great and that it had ...
Key Allianz Insurance Unit Slumps, but PIMCO Arm Excels
Allianz SE, the German insurer that owns bond manager Pacific Investment Management Co., relied on inflows at the asset management unit to offset lower earnings at its property and casualty business. ...
Investors Approve of Argo CEO Watson’s Departure; Q3 Results Are Mixed
The day after Argo Group International Holdings announced CEO Mark Watson III was retiring "immediately," investors seemed ecstatic, driving the company's stock price up 5.6 percent on Nov. 6. ...
Fitch Highlights Cyber Risks of Quantum Computing
Although the lightning fast speeds of quantum computing will provide many benefits to insurance carriers, there's also a big down side: increased cyber risk, Fitch Ratings noted in a recent briefing. ...
The Latest Launches From Coalition and AIR Worldwide
Coalition is debuting a free, publicly available cybersecurity and risk assessment tool. Catastrophe risk modeling firm AIR Worldwide released a Multiple Peril Crop Insurance Model for India.
Appeals Court Skeptical About Microsoft Women’s Claims of Unequal Pay
Women engineers who claim Microsoft Corp. discriminates against them for pay and promotions faced tough questions from a federal appeals court weighing whether their ground-breaking lawsuit should ...
Samsung Fire & Marine Completes Strategic Investment in Canopius
Canopius Group Ltd. said Samsung Fire & Marine Insurance has completed a strategic investment in its business. The investment, first disclosed in May, will support Canopius's growth arising from ...
Executives On The Move at BHSI, AmWINS and Sompo International
A Zurich veteran is joining BHSI as head of Claims in Spain. AmWINS Group picked a former Swiss Re executive as its new vice president for Alternative Risk. An Allstate veteran signed onto Sompo ...