Executives On The Move at Sompo International and Liberty Mutual
Sompo International Holdings Ltd. promoted two executives. Liberty Mutual named a financial industry executive to its board of directors.***
Sompo International ...Industry News
Travelers Reporters Improved Underwriting, Lower Catastrophe Losses
Insurer Travelers Companies Inc's quarterly profit beat analysts' estimates on Thursday, as improved underwriting and lower catastrophe losses offset a decline in net investment income. New ...
Distracted Driving Proliferates Well Beyond Cellphone Use: Survey
Carriers may be concerned about drivers using their cellphones or succumbing to other distractions while behind the wheel, but the behavior remains entrenched in daily life. Sometimes, it is even ...
Alliant Hires Exec to Build Northeast Business
Alliant hired an executive from JLT Specialty USA to help expand the company's reach in the northeastern United States. Justin Riccio will be senior vice president, based in Albany, N.Y. Previously, ...
Palomar Specialty’s IPO Rockets Above $15 Per Share Price Launch
Palomar Specialty launched an initial public offering on April 17, with the California-based specialty catastrophe insurer starting to sell on the Nasdaq Global Select Market at $15 per share. Shares ...
As Insurers Field Record Climate-Related Losses, Central Banks Push Greener Finance
With insurers shouldering a record $160 billion in climate-related losses from last year alone, a group including 30 central banks called for measures to spur green finance and better assessment of ...
State Auto, Google Help Back AI Startup Flyreel’s New Financing Round
Flyreel, an artificial intelligence InsurTech startup focused on property insurance, recently raised $3.85 million in new financing from State Auto and several other investors. Gradient Ventures, ...
Proposed California Regs Would Allow for Small Self-Driving Delivery Trucks
California regulators on Friday proposed regulations that would allow vehicle manufacturers to test or deploy small self-driving delivery trucks on public roads, the state's Department of Motor ...
Major European Insurers Expect France to Shoulder Notre-Dame Rebuilding Cost
Major European insurers expect France to bear the bulk of the cost of rebuilding the Notre-Dame Cathedral after a fire tore through the eight-centuries-old Paris landmark on Monday. The cost of a ...