Industry News
Insurers Risk Significant Losses if Coronavirus Prompts Olympics Cancellation
Global insurers face a hefty bill if the coronavirus forces the cancellation of the Summer Olympics in Tokyo, with estimates of the cost of insuring the sporting showpiece running into billions of ...
Microplastics in the Food Chain, and Other CM Risk Alerts
Microplastics are making their way into our food, drinking water and even the air. Robot managers are optimizing the autonomy out of many jobs and leaving employees stressed out and injured. Many job ...
Executives On The Move at AIG, BHSI and Marsh
AIG hired a former Lloyd's executive to lead its International General Insurance unit. Berkshire Hathaway Specialty Insurance made two executive appointments in Spain. Marsh promoted an executive to ...
Anthemis Raises $90M Venture Capital Fund for InsurTech Investments
Financial services venture capital firm Anthemis has raised $90 million for a new fund that will invest in fast-growing insurance technology startups, the company said on Thursday. Investors in the ...
AXIS Co-Founder and Board Chairman Plans to Retire This Fall
AXIS Capital Holdings Limited said Board Chairman Michael Butt will retire from the company effective September 16, 2020. Butt, a co-founder of AXIS and member of the Insurance Hall of Fame, is a ...
Broker Investor Group Chooses 12 InsurTechs for First Cohort Program
BrokerTech Ventures, an investor group and accelerator program led by nine insurance brokerages, has selected 12 InsurTechs for its first cohort that convenes March 2 in Des Moines, Iowa, for a ...
Nationwide and Generali Join Forces to Offer Multinational Commercial Insurance Services
Nationwide is teaming up with Generali, through its P&C unit Generali Global Corporate & Commercial, on a new joint venture. N2G Worldwide Insurance Services LLC will exclusively promote, ...
Updated: Tractable Raises $25M to Expand Reach of AI Accident Recovery Tech
Tractable, an InsurTech developing artificial intelligence for accident and disaster recovery, nailed down $25 million in new venture financing. The money infusion will be used to accelerate a push ...