Industry News
InsurTech NY Is Accepting Applications for October Cohort
InsurTech NY announced that it will be accepting applications for the October cohort of its growth-stage InsurTech accelerator. The application window will be open from July 21 to Aug. 17. The ...
Hurt by COVID 19, W.R. Berkley’s Profit Plunges
Larger investment losses and COVID-19 took a substantial bite out of W.R. Berkley's 2019 second-quarter net income, but the specialty insurer and reinsurer still stayed in the black overall. Net ...
France Explores Ways to Shield Companies From Impact of Future Pandemics
The French government is looking at ways to shield companies from the impact of future pandemics. The goal is to protect companies and jobs from the damage that major events such as pandemics can ...
InsurTech Hippo Eyes 2021 IPO After Landing $150M in New Financing
Hippo Enterprises Inc., hot on the heels of rival home insurance technology business Lemonade Inc. going public, has closed a $150 million financing round. The Palo Alto, California-based startup is ...
Executives On The Move at BHSI and Guy Carpenter
Berkshire Hathaway Specialty Insurance made an insurance industry veteran head of Financial Institutions in Germany. Guy Carpenter announced the appointment of three senior executives within its GC ...
On the Docket: Who Will Pay UK Coronavirus Business Interruption Claims?
A trial to decide who should pay for the rising costs associated with the coronavirus pandemic is about to start in London. The UK financial regulator took Europe's largest insurers to court in a ...
Insurance Software Firm Majesco Will Be Acquired by Private Equity Outfit for $594M
Cloud insurance software firm Majesco said it has agreed to be acquired by Thoma Bravo, a private equity firm focused on the software and technology services sectors, in a transaction valuing the ...
Bonus Payments for Insurer CEOs Up 5 Percent in 2019: Study
Bonus payouts for insurance company chief executive officers continued to be above target and commensurate with good financial results and strong total shareholder return in 2019, according to a new ...