Brookfield Reinsurance to Acquire Insurer Argo Group in $1.1B Deal
Financial services firm Brookfield Reinsurance announced it has entered a definitive agreement to acquire Argo Group International Holdings in an all-cash transaction ...
Industry News
The Hartford Net Income Down 19% in Q4
The Hartford reported a 19 percent drop in fourth-quarter net income compared to the same period last year, while core earnings outpaced Q4 2021 by 7 percent.
Zurich Leads Series B Fundraise for Cyber InsurTech BOXX Insurance
BOXX Insurance, the Toronto-headquartered InsurTech that combines cyber insurance and security, announced a $14.4 million Series B funding round, led by Zurich Insurance ...
Moody’s Downgrades SCOR’s Rating to A1 From Aa3 on Weakening Profits
Moody's Investors Service downgraded the Insurance Financial Strength Rating (IFSR) of SCOR SE and its key operating entities to A1 from Aa3 while at the same time ...
Tech Bytes: New Partnerships at CNA, Swiss Re, HSB
SLK Software, a global technology services firm, and V-Labs, an artificial intelligence company, aligned with CNA Insurance, a U.S.-based insurance provider, to deploy an enterprise-wide AI-led ...
CNA Reports Q4 earnings of $248 Million
CNA Financial Group notched a net income of $248 million during 2022's final quarter.
This was a slight dip from the $266 million ...
Root Sues Former CMO Over at Least $9.4M in Unauthorized Payments
Root Inc., the parent company of Root Insurance, has followed up its investigation into almost $10 million of unauthorized payments with a lawsuit against its former ...
Allstate’s Plan to Return to Profit in Auto
Following a year of turbulence in its auto insurance business, Allstate Corp. outlined what CEO Tom Wilson called the company's No. 1 priority: improve margins.
QBE North America announced two key executive appointments: Rachel Pollack has been appointed chief people officer, responsible for ... Online retailers will need to remain as resilient as possible to combat increasing cyber crime in the wake of a pandemic surge in online shopping, according to David Emm, ...
Executives on the Move at QBE NA, The Hanover, Arch
Shopping Safely: Managing Cybersecurity, Insurance in E-Commerce