Specialty
InsurTech Lessons From ITC: Take the Stock App Off Your Phone
Alex Timm, the chief executive officer of Root, has some advice for InsurTechs that go to the public markets: "You cannot let the stock price or Wall Street tell you what your value is." When ...
CNA Boosts Net Income Even as Cat Losses Rise, Investment Results Dip Lower
Continued rate hikes helped boost CNA Financial's 2021 third quarter net income, even as the Chicago-based commercial and specialty property/casualty insurer dealt with higher net catastrophe losses ...
18 States Sue to Stop Biden Administration COVID Vaccine Mandates for Federal Contractors
Eighteen states filed three separate lawsuits Friday to stop President Joe Biden's COVID-19 vaccine mandate for federal contractors, arguing that the requirement violates federal law. Attorneys ...
U.S. Insurers Hear Demands to Use Social and Environmental Issues in Decision-Making
U.S. insurers are increasingly listening to demands from stakeholders that they use social and environmental factors in their decision-making, according to a new AM Best survey. The ratings entity ...
Swiss Re Reports Better-Than-Expected Net Profit Despite Claims Surge
Reinsurance company Swiss Re said on Friday it swung to a better-than-expected net profit in the first nine months as it recovers from the impact of the coronavirus pandemic despite big claims from ...
Lloyd’s of London Slimed by Climate Protestors Spilling 220 Gallons of Fake Oil Outside HQ
Climate protesters spilled a 1,000 liters (220 gallons) of fake oil outside Lloyd's of London Friday, part of a campaign to draw attention to the finance industry's financing of fossil fuels. The ...
AXA Will Tighten Policy for Insuring, Investing in Oil and Gas Sector
AXA, France's biggest insurer, said on Friday it would tighten its policy regarding investing in and insuring the oil and gas sector, as pressure builds on finance to help curtail new production. The ...
Deal Revival: EXOR (Again) Agrees to Sell PartnerRe to Covea for $9B
The Agnelli family's EXOR NV agreed to sell its PartnerRe reinsurance unit to France's Covéa for $9 billion, reviving a transaction that collapsed at the onset of the pandemic last year. Talks broke ...