Industry News
Arch Capital Acquires Minority Stake in Trade Credit Insurer Coface
Arch Capital Group Ltd. has purchased a minority stake in Coface, a trade credit insurer based in France. The transaction involves the acquisition of a 29.5 percent stake. Arch will pay €10.70 per ...
Nationwide Teaming Up With Toyota on New Insurance Program
Nationwide is teaming up with Toyota Insurance Management Solutions (TIMS), Toyota's exclusive independent insurance agency for North America, to launch TIMS BrightDrive, a Toyota insurance ...
Dearly Departed InsurTechs: Expect Their Numbers to Rise
For every Lemonade and Root that launches with great fanfare, attracts hundreds of millions of dollars in venture funding and publicizes every facet of its growth, there are many InsurTechs that ...
Andersen Named Aon President as Former Co-Leader O’Connor Exits
Aon plc named Eric Andersen as president of Aon, reporting to Greg Case, the firm's CEO. Since May 2018, Andersen and Michael O'Connor had served as Aon co-presidents. Aon said O'Connor is departing ...
But Wait. Here’s ‘The Rest of The Story’ on Buffett’s Lubrizol
In his firm's annual report released this weekend, Berkshire Hathaway CEO Warren Buffett included a side note on one of the companies his conglomerate bought in 2011 for $9 billion, a company called ...
Today is Spencer Day; Use #SpencerScholars to Celebrate
The Board of Directors of the Spencer Educational Foundation has designated Feb. 24 as Spencer Day—a day to celebrate Spencer scholarship recipients (#SpencerScholars), the companies that hire them ...
Berkshire Hathaway 2019 P/C Insurance Profit Disappoints
Full-year insurance results at Berkshire Hathaway disappointed in 2019, with after-tax earnings from underwriting falling to $325 million in 2019 compared to $1.6 billion in 2018. Earnings from ...
Majority of Smart Home Device Owners Willing to Share Data With Insurers—for a Discount
While privacy remains a concern, 78 percent of smart home device owners are open to sharing their data with their insurer to assist in policy pricing, but most (65 percent) would only do so if ...