Industry News
Hannover Re Joins Carriers Scaling Back Coal-Based Risks
Hannover Re announced it is scaling back its exposure to coal-fired power plants and coal mines, joining a growing list of insurers and reinsurers that have made similar moves. In addition to ...
AI-Based InsurTech Cytora Raises $32.5 Million, With Focus on Commercial Insurance
Cytora, a developer of artificial intelligence-based products and services for the commercial insurance industry, has raised $32.5 million in new financing. The London-based startup said it will use ...
In 2019, Cyber Threats Are Increasingly Targeted and Evolving Quickly
Cyber threats continue to evolve rapidly in 2019, and that means the battle to stop and protect against them needs to adapt just as quickly, according to Matt Cullina, CyberScout's Managing Director ...
Munich Re Syndicate Singapore Inks Partnership With Lloyd’s Coverholder Nectar Specialty Risk
Munich Re Syndicate Singapore (MRSS) is partnering with a Singapore-based limited liability company and Lloyd's coverholder that provides tailor-made insurance and reinsurance products and services. ...
Executives On The Move at Sompo International and Liberty Mutual
Sompo International Holdings Ltd. promoted two executives. Liberty Mutual named a financial industry executive to its board of directors. *** Sompo International Holdings Ltd. named Thomas Brazil ...
Travelers Reports Improved Underwriting, Lower Catastrophe Losses
Insurer Travelers Companies Inc.'s quarterly profit beat analysts' estimates on Thursday, as improved underwriting and lower catastrophe losses offset a decline in net investment income. New ...
Distracted Driving Proliferates Well Beyond Cellphone Use: Survey
Carriers may be concerned about drivers using their cellphones or succumbing to other distractions while behind the wheel, but the behavior remains entrenched in daily life. Sometimes, it is even ...
Alliant Hires Exec to Build Northeast Business
Alliant hired an executive from JLT Specialty USA to help expand the company's reach in the northeastern United States. Justin Riccio will be senior vice president, based in Albany, N.Y. Previously, ...