Industry News
Arch Re to Snatch Up Aspen Re’s Global Credit and Surety Business
Arch Reinsurance said it will acquire global credit and surety renewal rights from Aspen Re, now that the latter company is exiting the line. Both parties have also agreed to start additional ...
A Corpse Adds to Old Mutual’s Ongoing Problems
Old Mutual Ltd. is in the spotlight again for all the wrong reasons. The 174-year-old insurer was forced to apologize after a grieving family brought a corpse to one of its branches so the company ...
Hippo Makes an Acquisition Intended to Strengthen Its Home Insurance Services
Hippo Insurance has acquired an early-stage startup designed to beef up its digital home insurance services for clients. The InsurTech startup and managing general agent said it snatched up Sheltr, a ...
The Latest Launches From AXA XL, Bold Penguin/CNA and W.R. Berkley
AXA XL launched a six-week program designed to enable client risk managers to develop new products and services for complex risks. CNA is now officially part of a new commercial insurance platform ...
Aon Acquires CoverWallet, Coveting the Growing Small Biz Digital Insurance Marketplace
Aon said it has agreed to acquire InsurTech startup CoverWallet in a bid to boost its presence in the growing digital insurance market for small and medium-sized business customers. Neither side ...
Executives On The Move at Next Insurance and CFC
InsurTech startup Next Insurance made two major executive appointments, turning to technology company veterans to fill both slots. A former American International Group executive is joining ...
The Risky Business of Insuring Shared Households
An estimated 79 million adults, or 32% of the adult population, lived in a shared household in 2017. This uptick in shared household living comes in many different types. According to recent Census ...
CyberCube Analytics Pulls in $35M Financing, With Plans to Broaden Marketing Efforts
CyberCube Analytics, a cyber risk analytics startup focused on the insurance industry, pulled in a $35 million financing to help fuel further growth. The San Francisco-based InsurTech said it will ...