Industry News
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 ...
SiriusPoint Partners With Mosaic to Reinvigorate Lloyd’s Business
SiriusPoint Ltd., a global insurer and reinsurer, announced it has entered into a strategic partnership with Mosaic Insurance. SiriusPoint will invest in Mosaic to support growth, provide ...
Marsh to Exit Russia; Aon Suspends Operations
Marsh McLennan, the world's largest insurance broker, said on Thursday it would exit all of its businesses in Russia, while its rival Aon suspended operations in the country. "We intend to transfer ...
Tesla, Other Car Makers Have Edge Over Incumbent Insurers: Moody’s
Tesla and other car makers represent a growing threat to incumbent auto insurers, even though they have little direct impact on the insurance market today, Moody's Investors Services said in a report ...
Executives on the Move at AXA XL, At-Bay, Arch
AXA XL has appointed Nancy Bewlay as chief executive reinsurance with immediate effect. She assumes the role from Charles Cooper, who has decided to step down after more than 20 years as a senior ...
How Sanctions Against Russia Are Hitting Global Aviation Industry
Russia's size and close integration into the global aviation industry since the end of the Cold War means sanctions related to its invasion of Ukraine are having outsized consequences relative to ...