Industry News
Allianz Commits 6 Million Euros to Earthquake Relief and Recovery
Allianz Group has made a commitment of six million euros to support relief and recovery efforts following the earthquakes in Turkey and Syria, including up to one million euros to match the donations ...
Samsung Chip Plant Sues Insurer Over $400 Million in Storm Damage Claims
A Samsung Electronics Co. semiconductor plant in Texas sued its insurer over $400 million in damage claims tied to a power blackout during a deadly winter storm in 2021. The federal lawsuit filed ...
Executives on the Move at Markel, Liberty Mutual, Texas Mutual
Markel Corporation announced that Teri Gendron will become its next chief financial officer effective March 20, 2023, succeeding Jeremy Noble, who became president of Markel's insurance operations ...
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 valued at approximately $1.1 ...
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 ...