Industry News
AXA, W.R. Berkley Finance Startups Focused on Cybersecurity Ratings, Digital Coverage
AXA joined a $50 million financing for an information security company that rates companies' cybersecurity readiness. W.R. Berkley Corp. led a $12.5 million funding round for a startup with an ...
Guy Carpenter Suspends Two Over Email Harassing Incident
A Lloyd's of London insurance broker, Guy Carpenter & Co., suspended an executive for sending a sexually suggestive email about a female colleague. A second employee was suspended for forwarding ...
The Latest Launches From Zurich and Everest Insurance
Zurich has a new hurricane deductible buy-back program. Everest Insurance expanded its workers compensation capabilities for the marine industry.***
Zurich has ...
Executives On The Move at AXIS Re, BHSI and W.R. Berkley Corp.
AXIS Re hired a new executive to help manage its Lloyd's operations. Berkshire Hathaway Specialty Insurance appointed a Chubb veteran to run its expanded operations in Australia. A veteran executive ...
Two European AI Specialists Partner to Offer Claims, Fraud Detection Services
FRISS' digitization of unstructured documents helps in the risk assessment of policy documents and claims statements, while data extracted by omni:us can be used for fraud detection in claims and ...
EU Claims to Be Ready for No-Deal Brexit on Oct. 31, Despite Undesirability
The European Union said it's ready for the U.K. to leave the bloc without a deal and isn't planning any further contingency measures. In a progress report on its no-deal Brexit planning, the European ...
Lemonade’s European Expansion Begins in Germany
Lemonade is making good on its promise to expand into Europe, with news that it is now open for business in Germany. The New York-based startup said it has started offering contents and liability ...
For Legacy Carriers, It’s About Technology With a ‘Human Touch’
The digital transformation of the insurance industry isn't just for InsurTech startups any more. At Allstate, 60 percent of claims are now filed with a cell phone application that allows ...