Industry News
Travelers Gains Approval to Open Post-Brexit Subsidiary in Ireland
Travelers' European arm has been granted a license to open a subsidiary in Ireland. "During the Brexit negotiations, our priority has been to ensure that we are positioned to continue meeting the ...
Accenture Starts Selling AI Automation Software Platform Tested Internally
Accenture Plc, the global consulting firm, will begin selling software and services that it's already used internally to automate tasks and redeploy about 40,000 workers. The new platform, that's ...
InsurTech Avinew Raises $5M; Helps Reward Use of Autonomous Driving Tech
InsurTech startup Avinew has raised $5 million in seed financing from American Family Insurance and others, with an eye on helping auto insurers reward drivers that use autonomous and semi-autonomous ...
Executives On The Move at Arch Insurance, Great American and Lloyd’s
Arch Insurance in North America hired a former Travelers executive to lead a newly created business unit. Great American Insurance Group named a new executive as divisional vice president of its ...
UK Lawmakers Vote to Have May Demand EU Reopen Brexit Deal
British lawmakers on Tuesday instructed Prime Minister Theresa May to demand that Brussels replace the Irish border arrangement known as the "backstop," in a last-ditch attempt to renegotiate an exit ...
Insurance Information Institute Beefs Up Communications Staff
The New York-based Insurance Information Institute (I.I.I.) has appointed two new full-time employees with experience in consumer education, media relations, public affairs and strategic ...
$27 Billion: Predicted Insurance Payout for Global Malware Attack
A co-ordinated global cyber attack, spread through malicious email, could cause economic damages anywhere between $85 billion and $193 billion, a hypothetical scenario developed as a stress test for ...
Technology, New Risks Will Keep D&O Pricing Pressure On: A.M. Best
Directors and officers liability insurance will confront continued pricing pressure for the foreseeable future, hammered by everything from intense competition to a number of new risks, A.M. Best is ...