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. Fourth-quarter net income available to ...
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 Co. Ltd. This latest funding ...
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 changing the company's outlook to ...
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 recorded during the same period in 2021. Overall, CNA recorded a ...
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 chief marketing ...
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. Allstate ended 2022 with an ...
Executives on the Move at QBE NA, The Hanover, Arch
QBE North America announced two key executive appointments: Rachel Pollack has been appointed chief people officer, responsible for leading the development and implementation of the North America ...