Industry News
Munich Re, AAIS Partner to Develop Private Flood Insurance Incentives
Munich Re said it will work with an insurance industry non-profit to help close the flood insurance gap in the U.S. and creative potential incentives for a private market. The global reinsurer's ...
JLT Specialty USA Founding Leader Rice Becomes CEO of CAC Specialty
Newly launched specialty insurance broker CAC Specialty announced the appointment of Michael D. Rice II as its chief executive officer. Rice brings years of experience in the brokerage industry. Most ...
Lockton Joins $32 Million Funding for Bold Penguin, a Commercial Lines InsurTech
Bold Penguin, a commercial insurance technology provider in Columbus, Ohio, said it has completed a $32 million Series B funding round, bringing the total capital it has raised to more than $50 ...
Carriers, California Utility Blast Rival Plan That Would Pay Fire Victims Before Insurers
PG&E Corp. and a group of insurers urged a judge to reject a competing reorganization plan for the bankrupt utility because the proposal would pay fire victims who lost their homes ahead of ...
Insurers, Pension Funds Pledge Climate Action at U.N. Summit
Insurers and pension funds managing $2.3 trillion pledged on Monday to shift their portfolios away from carbon-heavy industries in the hope of triggering snowballing climate commitments from other ...
Bold Penguin Touts Expansion of Agent-Friendly Commercial Insurance Digital Storefront Tech
Bold Penguin, an InsurTech startup and commercial insurance technology provider, said it has expanded access to its portal that helps users triage, quote and bind commercial insurance. The company's ...
Zurich Hires Ex-Swiss Regulator Giger as New Chief Risk Officer
Zurich Insurance Group hired a former Swiss regulator to become its new chief risk officer. Peter Giger will take on his new role at the company on Oct. 1, 2019. He replaces Alison Marton in the ...
New InsurTech Financings Focused on Agencies, Cyber and Analytics
Broker Buddha raised $4.5 million to help advance its agency operations technology that simplifies commercial insurance application and renewals. Kovrr, a Tel Aviv-based predictive cyber risk ...