Industry News
First Anniversary of COVID-19 Shutdown Orders Could Spur New Wave of Lawsuits
The upcoming anniversary of COVID-19 shutdown orders may reveal whether a significant number of policyholders have been waiting on the sidelines before suing their insurers for business-interruption ...
Generali CEO Donnet: Insurers Can’t Handle Pandemic Risk on Their Own
Europe's insurance industry doesn't have the capacity to deal with the systemic risk of a pandemic and more protection needs to be put in place through private-public partnerships, the head of ...
Hippo to Go Public Through Reverse Merger Valuing Company at $5B
Hippo has become the latest InsurTech with plans to go public through a reverse merger transaction with a Special Purpose Acquisition Company. The startup – an MGA focused on digital homeowners ...
Progressive’s ‘Apron Relief’ Continues; Snapshot 30-Day Monitoring Available
While Progressive gave back more than $1 billion of premiums last year, and lowered rates in recognition pandemic-related reductions in driving activity, the insurer is offering more potential ...
Alleghany Corp. CEO Hicks to Retire; Brandon Will Replace Him
Alleghany Corp. has triggered a changing of the guard, with a new CEO slated to take over at the end of 2021. Current CEO Weston Hicks will retire as CEO and as a director of property/casualty ...
Next Insurance Will Acquire Digital Agency AP Intego
Digital commercial insurance company Next Insurance has agreed to acquire AP Intego, a Massachusetts-based digital insurance agency providing small commercial insurance products. Neither side ...
Microsoft: Chinese Hackers Struck Groups Via Server Software
A China-linked cyber-espionage group has been remotely plundering email inboxes using freshly discovered flaws in Microsoft mail server software, the company and outside researchers said on Tuesday - ...
Beazley CEO Horton Will Leave to Lead QBE
Beazley Chief Executive Officer Andrew Horton is leaving to become the group chief executive officer of QBE Insurance Group Ltd. in Australia, the two companies announced. Horton will be succeeded in ...