Industry News
Swiss Re CEO Mumenthaler: InsurTech ‘Disruption’ Overhyped, China Ahead of the Pack
InsurTechs used to launch insisting they were insurance industry disruptors bringing new ways to bypass traditional players in bringing coverage to consumers. In reality, Swiss Re Group CEO Christian ...
InsurTech Convr Launches Underwriting Tool for Commercial Carriers
InsurTech Convr has launched a new underwriting insights tool that includes a COVID-19 management dashboard. The Illinois-based startup, formerly known as DataCubes, said that Convr Insider provides ...
Munich Re Reports Over $900M 3Q COVID Losses; Expects Harder Market
Ahead of a scheduled Nov. 5 quarterly earnings report, Munich Re announced that its COVID-19 losses for the third quarter total €800 million (roughly $940 million) and that non-COVID large losses ...
Enstar Offer Might Be ‘Superior’ to Arch: Watford Board
Watford Holdings Ltd. announced yesterday that it can't ignore an offer from Enstar Group Limited to buy the Bermuda-based company for $34.50 per share, or nearly $690 million, which beats a ...
InsurTech Root Plans to Raise Up to $604M in IPO
Automobile insurance startup Root Inc said on Tuesday it plans to raise as much as $604.1 million in its initial public offering on the Nasdaq, the latest in a line of insurers looking to tap the ...
Travelers Achieves Robust Q3; Net Income More Than Doubled
The Travelers Companies had a strong third quarter, reporting net income grew to $827 million, up from $396 million in the prior year quarter. An increase in the quarter's core income to $798 million ...
Marijuana Use During Pregnancy Linked to Psychotic-Like Behaviors in Children: Risk Alerts
Using marijuana while pregnant has been linked to psychotic-like behaviors in children. The months spent social distancing at home may be taking a toll on our bodies. Greenland saw record ice loss in ...
Conservative Culture Stymies Efforts to Diversify Insurer Executive Leadership
Attempts to diversify insurers' executive leadership are often stymied by conservative leadership and cultures, even after years of trying, a recent panel discussion concluded. "I don't mean to speak ...