Specialty
Cyber Insurance Startup At-Bay Pulls in a $6 Million Seed Round
At-Bay, a new insurance company startup focused on cyber insurance and related risk management, came out of stealth mode on Nov. 17 with news of $6 million in seed venture funding. LightSpeed Venture ...
UK Broker Probe Could Help Boost London Insurance Market Competitiveness: Fitch
The UK Financial Conduct Authority's review of the wholesale insurance broker market could help counter the trend of rising expenses for London market insurers, according to a Fitch Ratings briefing. ...
A Move Toward Fewer and Much Larger Insurance M&A Deals: Willis Towers Watson
Fewer insurance mergers and acquisitions (M&As) are being completed these days, but those that are completed are of a higher value, according to a survey by global broker Willis Towers Watson in ...
Insurers Are Increasing Their Investment Risks, EU Regulator Survey Shows
Insurance companies in search of yield have increased their exposure to bonds with lower credit ratings and to less liquid securities like non-listed equities and loans, according to a survey by ...
House Passes Package of Flood Insurance Bills, Reforms Included
The House of Representatives on Tuesday voted 237-189 to pass the 21st Century Flood Reform Act (H.R. 2874), a package of seven bills that reauthorizes the National Flood Insurance Program (NFIP) ...
European Insurers Surpass U.S. Rivals in Coal Investment Exits: Campaign Group
Insurers have pulled $20 billion out of coal investments, but most are European and none of the top nine U.S. insurers has taken "meaningful action," campaign group Unfriend Coal said on Wednesday. ...
Former Chubb Exec Collura to Lead Everest Re’s New Private Company/Nonprofit Business
Everest Re Group Ltd. has formed a Private Company/Not-for-Profit business segment (Private/NFP) within the Everest Specialty Underwriters unit of Everest Insurance. The new business segment will fit ...
Crop Insurance Market Consolidation Shows No Sign of Stopping: Conning
Crop insurance was once a sector full of smaller players, but an M&A-driven push for efficiency and scale has left it dominated by fewer and larger carriers, and Conning predicts a continuation ...