Industry News
Genworth Brings Back IPO Plans for Mortgage Insurance Unit; Goal of $3B Valuation
Genworth Financial Inc on Monday revived plans for an initial public offering (IPO) of Enact Holdings, aiming for a valuation of more than $3 billion for its mortgage insurance unit, according to a ...
Lemonade’s Latest Launch Protects Puppies and Kittens
InsurTech Lemonade is now offering a preventative care package designed specifically for dogs and cats under two years old. The new addition will be part of the company's Lemonade Pet insurance ...
InsurTech Five Sigma Raises $12M for Cloud-Based Claims Platform Expansion
Israel's Five Sigma raised $12 million to accelerate growth and expansion of its cloud-based claims platform. The investment firm 83North led the Series A round, which also included existing ...
Executives On The Move at BHSI and Duck Creek Technologies
Berkshire Hathaway Specialty Insurance hired a new UK Executive Underwriter focused on Executive and Professional lines. Duck Creek Technologies brought on a new Chief Marketing Officer.
OSHA in the Spotlight With Biden’s Vaccine Plan
President Joe Biden's sweeping new vaccine requirements have Republican governors threatening lawsuits. His unapologetic response: "Have at it." The administration is gearing up for another major ...
Hurricane Ida Will be Historically Costly – One for the Record Books
Hurricane Ida will likely become one of the costliest U.S. mainland hurricanes on record both on a nominal and inflation-adjusted basis, according to Aon's monthly Global Catastrophe Recap report, ...
Average U.S. Commercial Insurance Price Hikes Continue to Trickle Downward: Willis Towers Watson
While aggregate U.S. commercial insurance price hikes continue to moderate, most lines are still producing robust price increases, according to Willis Towers Watson. Excess/umbrella produces ...
One of Best E&S Markets in 50 Years, Industry Veteran Says
The chair of W.R. Berkley Corporation has been observing conditions in the excess and surplus and specialty markets for more than five decades and said he views the current environment as just about ...
Volatile Cyber Market Struggles to Boost Reinsurance Capacity
The cyber insurance market could benefit greatly from more reinsurance cover but it has been a challenge to attract interest. Part of the reason is because the cyber market is a relatively new one ...