Industry News
Most Employers Recognize Mental Health as a Significant Workplace Issue: Study
A recent study from The Hartford found that 70 percent of U.S. employers now recognize that employee mental health is a significant workplace issue, up from 59 percent in June 2020. In addition, 31 ...
Nationwide CFO Thresher to Retire; Frommeyer to Succeed Him
Longtime Nationwide Chief Financial Officer Mark Thresher plans to retire in September after 12 years in the role and 25 years with the insurer, the company announced. Plans call for Tim Frommeyer to ...
Arch Reinsurance to Acquire Somerset Bridge Group
Arch Reinsurance Ltd. plans to acquire longtime client Somerset Bridge Group Ltd. for an undisclosed price. The acquisition covers Somerset, Southern Rock Holdings Ltd. and all Somerset affiliates, ...
U.S.-Based InsurTechs Grabbed Most of the Q1 2021 VC Dollars: Forrester
Approximately 94 percent of InsurTech venture capital financing went to U.S.-based startups during record fundraising for the sector in the 2021 first quarter, according to Forrester's latest sector ...
Universal Fire & Casualty Starts Accepting Cryptocurrency for Premium Payments
Universal Fire & Casualty Insurance Company has started accepting cryptocurrency for premium payments. The reason why: to increase its competitive market position as part of a broader innovation ...
Europe’s Insurers Emerge From Pandemic With Strong M&A Appetite: Moody’s
Europe's insurance industry is emerging from the coronavirus crisis with a stronger appetite for mergers and acquisitions, along with expectations for strong earnings growth in 2021, according to ...
MGA Honeycomb Launches With Bet on Multi-Family Property Insurance
An InsurTech MGA with a focus on multi-family property insurance has raised $3.3 million in initial venture capital insurance and formerly launched in North America. Honeycomb, formerly Agilius, drew ...
Generali to Acquire AXA Malaysia Insurance Assets
Italy's top insurer Generali has agreed to buy Axa's insurance assets in Malaysia and take full ownership of a joint-venture it runs in the country to strengthen its local presence. The deals will ...