Industry News
The Latest Launches From Coalition and Nationwide
Coalition is now doing business in Florida, marketing its combined cyber insurance/cybersecurity tool offering. Nationwide is launching a new annuity through a partnership with Annexus, a developer ...
Business Interruption Lawsuit Between Law Firm, Travelers Advanced by Federal Judge
A federal judge in California disappointed a law firm suing Travelers Insurance over coronavirus lockdown related business interruption claims in refusing to remove its case to state court and ...
American Family Ventures’ New $213M Fund Seeks Early Stage InsurTech Startups
American Family Ventures has launched a new $213 million fund that invests in early stage InsurTech startups. "The insurance industry is embarking on profound transformation," AFV managing director ...
COVID-19 Uncertainties Likely to Reverse H1 Global Insurance M&A Surge
Insurer mergers and acquisitions climbed higher in the first half of 2020 with a robust 201 completed deals worldwide, up from 197 in the second half of 2019, according to Clyde & Co's "Insurance ...
Lemonade Cites Q2 Progress, Though Investors Wanted More
Lemonade, an InsurTech focused on home, renters and now pet insurance, lost money in its 2020 second quarter, according to its first earnings disclosure as a public company. That's not a surprise, as ...
Executives On The Move at Allied World and Marsh
A former Allied World executive signed on with Everest Insurance to lead its Risk & Ceded Reinsurance unit. Marsh appointed a new risk management leader for both its Asia and Pacific ...
Middle East Insurers Reportedly Absorbing Bulk of Beirut Blast Losses
Insurers in the Middle East are expected to absorb a large part of the losses from Beirut's explosion last week with Lloyd's of London and other international players expected to be less exposed, ...
Kin Raises $35M; Florida Home Insurance Carrier Pilot to Expand
Kin Insurance raised $35 million in new venture funding, attracting multiple investors including the investment arm of AAA Insurer CSAA Insurance Group. The Chicago-based home insurer focused on ...