Industry News
Argo Urges Shareholders to Reject Voce’s ‘Poorly Researched Claims’ at Annual Meeting
Argo Group is urging shareholders to reject allegations of "reckless behavior" and "poorly researched claims" from activist stockholder Voce Capital Management when the company's annual shareholder ...
Carriers Increasingly Dinged by ‘Secondary’ Catastrophe Perils : Swiss Re
The insurance industry must wake up to the growing cost of "secondary" catastrophe perils, which amounted to more than 60 percent of the $76 billion price tag for insured natural catastrophe losses ...
Business Interruption Worries Driving Cyber Insurance Acquisition Surge: Marsh
There's been a surge in the purchase of cyber insurance over the last few years as clients increasingly acquire it to confront business interruption risk, Marsh asserts in a new report. "As risk ...
Most Midwest Homes Lack Flood Insurance: A.M. Best
States hit hardest by recent Midwest flooding — including Missouri, Iowa, Kansas and South Dakota — generally have National Flood Insurance Program (NFIP) insured rates of less than 1 percent, ...
Lloyd’s Syndicate Ascot Underwrites New Global Crop Insurance Platform
Farmers can now for the first time insure their produce against price volatility as easily as insuring their homes, with a global platform based on hundreds of niche commodity indexes, underwritten ...
Lemonade’s New $300M Financing Will Propel Expanded Insurance Offerings, European Push
Tech-driven insurance startup Lemonade Inc has signed a $300 million funding round led by Japan's SoftBank Group Corp, the company said on Thursday. Other investors included insurer Allianz SE, ...
Embroker Eyes Expansion in Multiple Ways After Securing $28M Series B Round
Embroker has raised $28 million in new venture financing designed to help the digital insurance company and brokerage startup expand. Plans call for using the Series B funding round, in part, to ...
Lloyd’s Will Now Restrict Drunk People From Entering Its Offices
Lloyd's continues to tighten up its workplace rules by restricting people from entering Lloyd's premises who are drunk or under the influence of drugs. The new rule, which was included in a market ...