Industry News
Cyber Attacks on Businesses and the Losses They Inflict Are Rising
Cyber attacks on businesses around the globe are on the rise, as well as the losses they inflict. Approximately 61 percent of firms dealt with a cyber attack over the last year, compared to 45 ...
The Latest Launches From Travelers and Pie Insurance
Travelers has come out with a new mobile app designed to help business insurance customers access numerous risk management tools. Pie Insurance has expanded its workers compensation coverage for ...
Marsh, Guy Carpenter, JLT Combining Latin America Facultative Reinsurance Operations
Marsh, Guy Carpenter and Jardine Lloyd Thompson Group, all now under a single corporate umbrella, are planning to combine their facultative reinsurance operations in Latin America. The action ...
CSAA Touts 100 Percent Employee Volunteerism Rate in 2018
CSAA Insurance Group said it achieved a 100 percent employee volunteerism rate in 2018, news it released as part of its first corporate social responsibility snapshot. The AAA insurer said it was the ...
Brexit Inertia Leaves London’s Finance Workers With Summer Slump
The weeks before Easter are usually some of the busiest of the year for bankers, lawyers and consultants in the City of London, as clients rush to get deals done before a run of public holidays. But ...
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 ...