Industry News
For Brown & Brown, Acquiring CoverHound Accelerates Tech Modernization Efforts
Property/casualty insurance companies far and wide are considering whether to develop technology platforms in-house or modernize some other way. Brown & Brown chose an acquisition to get there. ...
W.R. Berkley Corp. Sells NYC Office Complex for $105M Pre-Tax Net Gain
W.R. Berkley Corp. sold off one of its real estate investments – a New York City office complex – at the end of 2020. The sale generated a $105 million pre-tax net gain, according to the ...
British Officials Claim They Had to Bear Liability in Exchange for Vaccine Deals
Britain had no choice but to agree to bear liability if claims were made against vaccine makers as part of supply deals, officials said on Monday, adding that approval for three of the candidates ...
Online Selling Platform Apollo Insurance Solutions Pulls in a $13.5M Financing Round
Apollo Insurance Solutions Ltd., a Toronto-based online insurance platform, said it has closed an oversubscribed $13.5 million Series A financing round. The funding exceeded its original $4 million ...
SolarWinds Hackers Linked to Known Russian Spying Tools
The group behind a global cyber-espionage campaign discovered last month deployed malicious computer code with links to spying tools previously used by suspected Russian hackers, researchers said on ...
CM Exclusive: Google’s Insurance Strategy Could Be a Game Changer
The announcement that Dr. Henna Karna, formerly global chief data officer at insurer AXA XL, had been retained by Google to lead a new insurance initiative was greeted by the insurance and InsurTech ...
Executives On The Move at Great American and Markel
Great American Insurance Group promoted a rising executive within its Property & Casualty Group. A former Allianz executive joined Markel Corp. as Environmental Product Line Leader.
2020 Temperatures Rounded Off Hottest Decade, Hit Record
Last year tied with 2016 as the world's warmest on record, rounding off the hottest decade globally as the impacts of climate change intensified, the European Union's Earth observation service said ...
No Insurance: Taxpayers on Hook for U.S. Capital Mob Attack Damage
U.S. taxpayers will be on the hook for damage from a mob attack on the U.S. Capitol in Washington on Wednesday because the building and grounds are not insured, industry sources said. Supporters of ...