Industry News
Hired Hacker Group Runs Rampant in Middle East
Saudi diplomats, Sikh separatists and Indian business executives have been among those targeted by a group of hired hackers, according to research published on Wednesday by software firm BlackBerry ...
Progressive CEO Griffith Mulls Expansion Into Life Insurance
Progressive Corp. could soon expand its horizons into life insurance. "We actually are considering that," Chief Executive Officer Tricia Griffith said when asked about a possible move. "We have a ...
Pandemic-Era Carriers Attracting Hedge Funds’ Attention
Five years after London-based hedge fund Toscafund ditched the shares it held in insurance companies, the $3.5 billion firm and its peers are flocking back, drawn by sharp premium increases which are ...
A New Carrier Joins Rideshare Insurance Market Along With Allstate, Liberty Mutual
A new carrier has joined the rideshare insurance market, offering coverage to Lyft drivers in 11 states. At the same time, ridesharing firm Lyft's drivers now also have access to coverage from ...
Allianz Among Insurers Bracing for Claims Over Hollywood Pandemic Production Shutdowns
Allianz SE, Europe's largest insurer, is bracing for a flood of claims after movie and television studios were forced to curtail production during lockdown. A unit of Allianz, which says it's the ...
UK Insurer LV= Discloses Exclusive Talks With Bain Capital About Possible Sale
UK insurance company Liverpool Victoria said it's in exclusive talks with Bain Capital LP over a potential deal. The company, known as LV=, began a strategic review in June that included the ...
COVID-19 Fallout Creates Need for More Resilient Workforce, Fewer Employee Risks
COVID-19 has creating a new urgency to build a more resilient workforce and reduce the risks employees face with economic disruptions, according to a new report from Zurich and the University of ...
Former AXA XL Exec Will Lead QBE’s International Arm
A former AXA XL executive joined QBE Insurance in a major leadership role. Jason Harris will have the title of chief executive officer, International Division, which includes European Operations. He ...