Specialty

Argo Group Hit With Ratings Agency Black Marks Over Governance Controversy

Standard & Poor's hit Argo Group International Holdings Lt. with a negative ratings outlook, due to an SEC subpoena about executive compensation and the abrupt "retirement" of longtime CEO Mark ...

Mexico’s State Oil Firm Hampered by Ransomware Attack

A ransomware attack hit computer servers and halted administrative work on Monday at Mexican state oil firm Pemex, according to employees and internal emails, in hackers' latest bid to wring ransom ...

Weather-Tech Startup Understory Launches Auto Dealer Policy Formed Around On-the-Ground Data

Nick Pacifico has been working at his family's Cadillac dealership in Denver since 2003. He's never seen insurance costs this bad. "Getting coverage is nearly impossible," said Pacifico, vice ...

Zego Becomes First UK InsurTech to Win Its Own Insurance License

Zego has become the first U.K. InsurTech to be awarded its own insurance license, which will enable it to build and sell its own products. While Zego will still work in tandem with its growing ...

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. ...