Industry News
Insurance Journal Announces New Online Charity Portal
Insurance Journal, Carrier Management's sister publication, has announced the launch of a new portal highlighting charitable stories in the insurance industry. What was once a single magazine issue ...
Tokio Marine Launches $42M Corporate Venture Capital Arm to Support Early-Stage Startups
Tokio Marine Holdings Inc. has launched a Silicon Valley-headquartered corporate venture capital (CVC) fund. The company has committed $42 million to the initial fund with plans to deploy more ...
Swiss Re Secures $1.15B Stop-Loss Protection to Support Reinsurance Growth
Swiss Re has secured $1.15 billion in stop-loss cover that protects the entire group for severe underwriting-related losses over a five-year period. Swiss Re said the transaction supports its "growth ...
Travelers’ Profit Up 48% in Q1
Travelers Companies Inc. reported a 48 percent jump in quarterly profit that beat analysts' estimates, as lower catastrophe-related claims cushioned a hit from investment losses. The company's core ...
Tech Bytes: New Partnerships at Propeller, Tractable, Insurity
Propeller Inc., an InsurTech managing general agency specializing in surety bonds, has signed an agreement with Amwins, a specialty insurance distributor in the U.S., to serve as a preferred surety ...
South Africa’s Deadliest Floods in 6 Decades Claim More Than 300 Lives
South Africa declared floods that killed more than 300 people in the eastern KwaZulu-Natal province a disaster, enabling the government to free up funds to assist with reconstruction in the area. The ...
Aon President Andersen Honored With 2022 IICF Golden Horizon Award
The Insurance Industry Charitable Foundation honored Eric J. Andersen, president of Aon, with IICF's Golden Horizon Award. The annual award recognizes an individual within the insurance community who ...
Executives on the Move at GEICO, Polly
GEICO announced that Damon Burrell has joined the company as its new chief marketing officer, reporting to CEO Todd Combs. Burrell most recently served as CMO and senior vice president of Marketing, ...