Industry News
Shareholder Class Action Complaint Filed Against InsurTech Root
With shares of Root Inc. trading at less than 50 percent of the late October 2020 IPO price of $27 per share, the InsurTech carrier has been named in a shareholders class action complaint, multiple ...
Presenting: The World’s First CAT Bond for Volcanic Eruptions
The Danish Red Cross is offering the world's first catastrophe bond for volcanic eruptions, which is designed to improve the provision and efficiency of humanitarian relief after eruptions of 10 ...
UFG Insurance Will Diversify Risk Profile Through U.S. Reinsurance Expansion
UFG Insurance is looking to diversify across the U.S. by expanding into assumed reinsurance business – partly via quota share arrangements, such as the recently announced deal with Topsail Re, a ...
Tokio Marine: 2021 Material Impact Unlikely From Greensill Capital Collapse
Japanese insurer Tokio Marine Holdings Inc said on Tuesday it currently expects no material impact on its results for the fiscal year starting next month as a result of its exposure to the fallout of ...
Counterpart Pulls in $10M to Expand Management Liability Insurance Platform
Counterpart raised $10 million in financing designed to help fuel growth of its management liability insurance platform. Valor Equity Partners led the Los Angeles-based MGA InsurTech's financing. ...
Walsh’s Goal at Google: To Make Cloud Operations ‘De Facto Standard’ for Insurance Industry
Nigel Walsh, the new managing director, U.S. Insurance for Google Cloud, has an ambitious goal for his new job. "My mission, together with the rest of the team, is clear," Walsh said. "We want to ...
India Further Opens Its Insurance Sector to Foreigners
India on Monday further opened up its insurance sector to foreigners, as the nation seeks to spur investments to give a fillip to an economy battered by the pandemic. Lawmakers approved a legislation ...
Betting On Founders: How VCs Spot InsurTech Unicorns of 2025
Carrier vs. MGA. U.S. vs EU. Specialty niche vs. traditional insurance lines. There are many things that distinguish one InsurTech from the next, including financial metrics like internal rates of ...