Specialty
Embroker Raises $100M, With Plans to Become Full-Stack Carrier
Embroker, a digital platform focused on business insurance, aims to become a full-stack carrier – an expansion of its strategy enabled by $100 million in new venture capital financing. The money ...
Insurers Accelerate Their Flight to the Cloud: Novarica
Insurers are largely planning to expand their cloud usage into new areas in the coming months, according to a new Novarica study. Approximately 75 percent of insurers said they would expand their use ...
Executives On The Move at AIG, Zurich North America, BHSI and Guy Carpenter
AIG named a Marsh McLennan veteran as its new senior director of Investor Relations. Zurich North America appointed a new Head of Strategy for Innovation & Business Development. Berkshire ...
Nationwide Invests in Startup Focused on Streamlining Certificate of Insurance Issuance
Nationwide invested in an early-stage funding round for Certificial, an InsurTech with a platform focused on the real-time certificate of insurance issuance and compliance management. Certificial's ...
Wildfire Near Misses Spark Greater Push for Mitigation Efforts
As the Missionary Ridge Fire raged in 2002, the Valley Fire, a second fire, broke out and destroyed six homes within hours near the Falls Creek Ranch subdivision north of Durango, Colo. When ...
Climate Stress Test for Insurers and Banks Debuts at Bank of England
The Bank of England on Tuesday set out its first comprehensive stress test of the ability of the British financial system to cope with climate change, saying the results will not be used to determine ...
Amazon’s Bezos Announces Out-Of-This-World Risky Next Act
Amazon's billionaire founder Jeff Bezos said on Monday that he and his brother Mark will fly on the first crewed space flight from his rocket company Blue Origin next month. "Ever since I was five ...
Time For Insurers to Reassess ‘Grim’ Cyber Insurance Market: AM Best
With the cyber risk hazard environment—ransomware, business interruption and aggregation—worsening significantly, "prospects for the U.S. cyber insurance market are grim," according to a report ...