Industry News
Chubb Announces Plans for New Philadelphia Office
Chubb has announced plans for a new Philadelphia office that will occupy a state-of-the-art building to be constructed at 2000 Arch Street. Designed with the highest standards for sustainability, the ...
AXIS CEO Benchimol to Retire; Tizzio to Succeed
AXIS Capital Holdings announced that Albert A. Benchimol will step down from his role as president and chief executive officer on May 4, 2023. He will continue with AXIS as a strategic advisor and ...
Courtroom Predictions for 2023 From Clyde & Co
Insurance law firm Clyde & Co put together some predictions for 2023. The bad news for claims: nuclear verdicts aren't going anywhere. Here is that prediction as well as some others. Nuclear ...
CyberCube Gets $50M in Financing for Cyber Risk Analytics
CyberCube announced $50 million in additional growth capital from investment funds managed by Morgan Stanley Tactical Value (Morgan Stanley), with continued participation from all existing investors ...
Attorneys: Ransomware a Multi-Layered Risk for Policyholders
The evolution of ransomware is bringing a wider range of risks to insurance policyholders, with new government regulations, exfiltration of data and state-sponsored actors adding to the mix, ...
The Latest Launches from NEXT Insurance, LexisNexis, HSB
NEXT Insurance, a digital InsurTech focused on small business insurance, announced its renewed commitment to small business restaurant owners with the expansion of Employment Practices Liability ...
Insurers Denying Coverage to FTX-Linked Crypto Firms as Contagion Risk Mounts
Insurers are denying or limiting coverage to clients with exposure to bankrupt crypto exchange FTX, leaving digital currency traders and exchanges uninsured for any losses from hacks, theft or ...
Munich Re to Launch Specialty Insurance Division
Munich Re is launching a new division, called Global Specialty Insurance (GSI), which will be comprised of various primary insurance businesses from the group that are currently part of the ...