Industry News
Travelers Concludes Q2 With Good News on Multiple Fronts
U.S. property and casualty insurer Travelers Cos Inc delivered an unusually large beat of second-quarter profit expectations on Tuesday, helped by higher premiums, lower catastrophe losses and a ...
InsurTech NY Will Study Sector’s Corporate Venture Capital Evolution
InsurTech NY, which bills itself as the largest InsurTech community in North America, said it will launch a study focused on corporate venture capital in the sector. Such a project will produce ...
Diversity Needs to Be Seen as a Business Imperative
Companies have been discussing the importance of diversity and inclusion for years, but now it's time to take action—to make real, observable, measurable and sustainable progress. That starts with ...
Zego, Supported by Swiss Re, Joins bp to Insure London Electric Vehicle Trial
Commercial motor insurer Zego, with support from Swiss Re, has teamed up with bp, an integrated energy company, to provide professional insurance for bp's electric vehicle trial in London, called "bp ...
Octo Telematics Plans Hiring Surge
Octo Telematics said it expects to hire more than 100 people – a 30 percent growth of its headcount - in a bid to strengthen the talent it has developing current and future technologies. The ...
Home Coverage InsurTech Kin Will Go Public in SPAC Deal; National Expansion on Tap
Kin Insurance Inc., an insurance-technology startup that counts golfer Rory McIlroy among its investors, has agreed to go public through a merger with Omnichannel Acquisition Corp., a blank-check ...
Investors With China’s Anbang Insurance, Now Dajia; to Sell Controlling Stake For $5.2B
Two Chinese state investors plan to sell a combined 98.78% of their stakes in Dajia Insurance Group, the revamped entity of embattled Anbang Insurance Group, for 33.6 billion yuan ($5.19 billion), ...
Cyber Risk Increasingly Threatens Credit Ratings: S&P
Cyber risk is becoming increasingly relevant to insurer credit ratings, according to a new report from S&P Global Ratings. S&P cited the Colonial oil pipeline attack in the U.S. in late ...