Industry News
Generali Sees Net Profit Plunge Due to COVID-19-Related Investment Losses
Generali's first-quarter net profit plunged 84.8 percent to €113 million ($124 million) from €744 million ($815.5 million) reported in Q1 2019 as a result of the impact of the COVID-19 pandemic ...
Reopened Businesses Could Face Legionnaires’ Outbreaks, and Other CM Risk Alerts
Commercial buildings closed during the lockdown may be at risk for a Legionnaires' outbreak. A new study has found a link between diesel exhaust and Parkinson's disease. Virtual meetings have been ...
Executives On The Move at Chubb and Liberty Mutual
Chubb appointed a new chief underwriting officer to lead an arm of its North America retail commercial property and casualty insurance. Liberty Mutual Insurance named a chief underwriting officer for ...
Altamont Capital’s Plan to Acquire Topa Insurance Has Been Suspended
The deal for Altamont Capital Partners to acquire Topa Insurance Group has been called off. Last August, Altamont Capital Partners signed an agreement to acquire Calabasas, Calif.-based Topa ...
InsurTech Coalition Raises $90 Million to Fuel Cyber Insurance Global Growth Plan
Coalition, an InsurTech startup focused on cyber insurance and security, disclosed it raised $90 million in new venture financing earlier this year to fuel development of new products and a global ...
DataCubes Becomes Convr, and Its CEO Explains Why
DataCubes has changed its name. Moving ahead, it will now be known as Convr (pronounced "con-ver.") The Illinois-based InsurTech startup launched in 2016 with an AI-focused platform designed to help ...
Sony Will Take Full Control of Listed Financial Arm for $3.7B
Sony Corp said on Tuesday it will turn its listed financial arm, Sony Financial Holdings Inc, into a wholly owned unit through a tender offer worth about 400 billion yen ($3.72 billion). The deal ...
Carrier Groups Ready Proposal for Federal Pandemic Loss Fund–Not PRIA
Property/casualty insurance industry carrier groups are working to develop a proposed federal program to replace revenues lost by businesses shut down during pandemics like COVID-19, but it won't be ...