Industry News
Updated: Munich Re’s HSB Is Acquiring Zeguro’s Cybersecurity Digital Platform, Plus Six Employees
Munich Re-owned HSB is acquiring a cybersecurity digital platform for small businesses developed by InsurTech startup Zeguro. The purchase covers select digital assets, and six Zeguro product ...
Climate Modeler Startup Jupiter Raises $54M to Fuel R&D, Growth Push
Jupiter, a global climate modeling and technology startup, has nailed down a $54 million financing round – money that will help accelerate sales and marketing efforts. A big boost in research and ...
In a Global First, New Zealand Passes Climate Change Disclosure Laws for Insurers, Others
New Zealand has become the first country to pass laws requiring banks, insurers and investment managers to report the impacts of climate change on their business, officials said on Thursday. About ...
The Biden Administration Wants Corporate America’s Help Tracking Down Cyber Criminals
U.S. Deputy Attorney General Lisa Monaco has a message for corporate America: The U.S. Justice Department needs its help in order to take down cyber criminals. "We cannot do this alone," Monaco said ...
Concert Group Holdings Raises $100M to Fuel Insurance Fronting Expansion
Concert Group Holdings – a newly formed business dedicated to insurance fronting – has raised $100 million in capital to fund its growth. A fronting company is a licensed and admitted insurer ...
Florida Insurers Are Swimming in a Sea of Red Ink: Citizens CEO Gilway
It's not just a few Florida property insurance companies that are running into financial trouble. Almost every carrier is losing money in 2021 and the future does not look any better, the CEO of ...
AXIS Capital Accelerates Its Retreat From Coal Investments and Cover
AXIS Capital Holdings Ltd. said it will phase out insurance cover and investments in the coal business globally within the next 20 years. "It is our belief at AXIS that [insurance/reinsurance] ...
Russia’s Renaissance Insurance Will Reduce IPO Size
Russia's Renaissance Insurance Group will reduce the size of its IPO to $250 million from an initial $290 million, two sources told Reuters on Wednesday, selling only new shares plus an ...