Industry News
Allstate to Grab National General in $4B Cash Offer
U.S. Insurer Allstate Corp said on Tuesday it will buy National General Holdings Corp for about $4 billion in cash, scaling up its auto insurance business at a time when the coronavirus has crushed ...
AXA Fund Unit Sets 33 Percent Target for Gender Diversity on Company Boards
AXA Investment Managers will set a 33% target for gender diversity on listed company boards in developed markets and may vote against companies which fail to meet this mark. The asset management unit ...
QOMPLX Plans MGA Subsidiary Launch for Fall 2020
QOMPLX, the developer of an intelligent decision platform used in cybersecurity, insurance, and quantitative finance, is launching a U.S.-based MGA subsidiary. RubiQon Risk & Insurance ...
InsurTechs Jupiter Intelligence and ClaimFlo to Represent North America in Zurich Innovation Championship
Zurich North America Insurance has selected two InsurTechs offering climate resilience and claims efficiency to represent North America in its second Innovation Championship. Jupiter Intelligence ...
Executives On The Move at QBE North America and Safety National Re
QBE North America promoted a veteran executive to be Head of Professional Lines and Industry Verticals. At Safety National Re, its Chief Underwriting Officer for reinsurance has retired, and a rising ...
Michigan Judge Rejects Restaurants’ COVID-19 Business Interruption Claim
A trial court judge in Lansing, Mich., handed a victory to insurers in what may be the nation's first final ruling on the question of whether a property insurer is liable for financial damages caused ...
Federal Biz Interruption Bill Backed by Plaintiffs Group Introduced
Last week, a U.S. lawmaker introduced a bill that would allow insurers to voluntarily pay certain COVID-related business interruption claims and get reimbursed by the federal government, but ...
Chubb Estimates $1.4B in Q2 Pretax COVID-19 Catastrophe Losses
Chubb's new, sobering disclosure of Q2 2020 global net catastrophe losses underscores the damage COVID-19 is doing to carriers' bottom lines. The global property/casualty insurer reported a whopping ...