Industry News
Resilience Creates Captive Reinsurance Company
Cyber insurance and security provider Resilience Cyber Insurance Solutions announced that it has created a captive reinsurance company. Through the captive, Resilience will retain a share of each ...
Executives on the Move at Buckle, SiriusPoint, Corvus
Buckle, an InsurTech with a full-stack insurance-as-a-service platform for the gig economy, has announced three key leadership changes: Pedram Afshar has been named chief credit officer. He was ...
Kin Insurance, Omnichannel Terminate Plan for SPAC Merger
Digital home insurance company Kin Insurance Inc. and Omnichannel Acquisition Corp., a special purpose acquisition company, announced they have mutually agreed to terminate their plan to merge. The ...Root Insurance Gets $300M Loan From BlackRock
Days after it announced it had to lay off 330 employees due to worsening loss costs, auto insurer Root Insurance has finalized a $300 million term loan from BlackRock Financial Management. The ...
San Jose Votes to Require Gun Liability Insurance
The city council in San Jose's, Calif., voted on Tuesday to become the nation's first city to require gun owners to purchase insurance coverage. Funds from an accompanying annual fee of $25 will go ...
World’s First Crypto Mortgage? Homeowners Insurers Don’t Hate It
If homeowners insurance carriers weren't facing enough issues this year, here's one more to think about: A Miami company is now offering cryptocurrency-based mortgages. Some insurance representatives ...
P/C Industry Profits in Current Cycle Lagging Last Hard Market
U.S. property/casualty insurers have benefited from significant increases in commercial premium rates for nearly three years. However, recent industry statutory underwriting performance improvement ...
Executives on the Move at The Hartford, Chubb, Alliant
The Hartford has promoted Richard Vaughn to head of Global Specialty Distribution. He will report to Adrien Robinson, head of Global Specialty, who said that Vaughn's "experience advancing key ...