Industry News
How Lloyd’s is Responding to Events in Ukraine
Russia and Belarus represent less than 1 percent of business transacted by Lloyd's of London, the commercial insurance market said, adding that it would look to curtail Russian exposure in several of ...
The Latest Launches from Pathpoint, Brit, Attento
Pathpoint, the insurance industry's first self-service E&S technology platform, announced the release of its new restaurants offering, giving agents the opportunity to access comprehensive, ...
Cowbell Cyber Raises $100M in Latest Series B Funding
Cowbell Cyber, a provider of cyber insurance for small and medium-sized enterprises (SMEs), secured $100 million in capital in its latest series B funding round. The capital raise was led by Anthemis ...
WTW Follows Marsh, Aon in Russia Business Withdrawal
Global broking and advisory firm WTW announced it would withdraw all of its businesses in Russia on Sunday. The move follows similar ones announced by brokers Marsh McLennan and Aon late last week. ...
Swiss Re, Allianz, WTW Cutting Russia Ties
Allianz and Swiss Re said on Monday they were cutting back on Russian business as European financial institutions turn their backs on Russia. The German insurer and Swiss reinsurer join banks ...
InsurTech MGA Loadsure Raises $11M to Expand Cargo Insurance Technology Platform
InsurTech MGA Loadsure announced that it closed its $11 million Series A funding round, led by MMC Ventures. Other investors included Crowley, a global maritime, energy and logistics company, and ...
Metal Thieves Swiping Tailpipes Create 1,000% Spike in Claims
State Farm said Thursday that metal thieves in search of platinum, rhodium and palladium are stealing catalytic converters in ever-greater numbers, sending auto-insurance claims soaring across the ...
Berkshire Rejects Shareholder Call to Replace Buffett as Chairman
Berkshire Hathaway Inc. on Friday urged the rejection of four shareholder proposals recommending that it replace Warren Buffett as chairman, report on its plans to handle climate risk and reduce ...