Industry News
Lloyd’s CEO Neal Predicts Appeal Regarding UK Business Insurance Ruling
Lloyd's of London Chief Executive John Neal said on Thursday he expected a London judgment, which ordered some insurers to compensate struggling businesses for losses during the COVID-19 pandemic, to ...
More Class of 2020 Reinsurers Unlikely
The Class of 2020 already has a new member, but it's not a true startup, the chair of the company said recently. Speaking at the KBW Insurance Conference in early September, Sid Sankaran, chair of ...
The Latest Launches From AXA XL and Cowbell Cyber
AXA XL's North America Construction business is launching custom built insurance for a new class of construction business – highly protected projects. Cowbell Cyber, which uses artificial ...
NAMIC Names Merchants Mutual CEO Zak as New Chairman
The National Association of Mutual Insurance Companies named Robert Zak, president and CEO of Merchants Mutual Insurance Company, as its new chairman. NAMIC announced the news on Sept. 23 during its ...
Hippo and Topa Insurance End Their 3-Year Partnership
Property/casualty insurer Topa Insurance Co. and Hippo Enterprises, an InsurTech MGA offering homeowners insurance, announced their mutual decision to end their three-year partnership. The move comes ...
Top Shipping Insurance Group Won’t Cover Russia, Turkish Pipelines Over U.S. Sanctions Risk
The world's largest group of shipping insurers will not insure vessels involved in the Russian-led Nord Stream 2 and TurkStream gas pipeline projects because of the threat of U.S. sanctions. ...
Next Insurance Nails Down $250M Financing Round; $631M Pulled in to Date
Next Insurance secured another $250 million in financing designed to fuel continued national expansion of its digital small business insurance offerings. CapitalG, Alphabet/Google's independent ...
The Latest Launches From West Point Insurance Services, Axon and AAIS
West Point Insurance Services debuted a testing and automation service designed for smaller insurance carriers, managing general agents and program administrators. Axon Underwriting Services added ...