Industry News
AGCS Picks Müller as New Leader, Makes Other Executive Changes
Allianz Global Corporate & Specialty SE named a new leader and has made other key executive changes. All are effective Dec. 1, 2019, pending regulatory approval. Joachim Müller, currently CEO of ...
Buffett’s Berkshire Hathaway Invests in Restoration Hardware
Warren Buffett's Berkshire Hathaway Inc on Thursday disclosed a new investment in RH, boosting shares of the luxury furniture and home furnishings chain once known as Restoration Hardware. Berkshire ...
Gender Reveal Parties ‘Exploding’ in Popularity, and More CM Risk Alerts
Virtual assistants like Alexa and Siri can be hacked using laser light beams. Gender reveal parties are taking a dangerous turn. E-cigarettes may be more harmful to your heart than tobacco.
Former MetLife Exec Sues, Alleging Gender Pay Discrimination and Harassment
A former MetLife Inc. executive claims she suffered years of gender-based pay discrimination and harassment from members of the insurer's top leadership team and that she was fired after complaining ...
Generali Takes on AXA With Debut of New Art Insurance Unit
Italian insurer Generali launched a new business Tuesday to cover art works, engaging as a poster boy the contemporary artist Maurizio Cattelan, whose gold-covered statue valued at 2.4 million euros ...
Allianz, Microsoft Partnership Seeks Industry Transformation Through Open-Source Software
Allianz SE and Microsoft Corp. are partnering to reimagine the insurance industry experience for carriers and customers, in part through greater use of digital technology and the cloud. Their ...
DataCubes Pulls in $15.2M Financing for Commercial Underwriting Decision Platform
DataCubes, developer of a platform designed to help commercial insurance carriers make underwriting decisions, has closed a $15.2 million round of financing. Plans for the money involve investment in ...
Insurance Premiums Will Grow 3 Percent Despite Economic Slowdown: Swiss Re
Global insurance premiums will grow 3 percent on average over the next two years even with an emerging global economic slowdown, Swiss Re said in its latest sigma report. Rising loss costs will fuel ...
Lloyd’s Lab Initiative Spurs New Praedicat Peril Casualty Insurance Product
Praedicat Inc., a Los Angeles-based liability risk analytics software company, said it is developing a new insurance product to help global industrial companies secure coverage for innovative and ...