Industry News
TheGuarantors, a Real Estate Rental InsurTech, Pulls in $15M Series B
TheGuarantors, an InsurTech focused on the real estate rental industry, has pulled in $15 million for its Series B financing. Plans call for using the cash infusion to expand the company's platform ...
China Regulator Orders Banks, Insurers to Amp Up Lending to Private Firms
China's banking and insurance regulator said on Monday it had told all of the country's banks to sharply increase lending to private companies, as policymakers step up support for the slowing ...
China’s Ping An Insurance Reportedly Planning Massive IPO for Fintech Unit
Ping An Insurance (Group) Co., China's largest insurer by market value, is gearing up for an initial public offering of its OneConnect unit that could value the financial management portal at about ...
IAALS Unveils New Protocols for First-Party Insurance Disaster Claims
A national legal group has developed new, streamlined protocols designed to promote a more efficient exchange of information in first-party insurance claims cases stemming from man-made and natural ...
Focus on Operating Earnings, Buffett Says; Insurance Ops Add $6B
In the conglomerate's annual report published on Saturday, Berkshire Hathaway Chair Warren Buffett recommended that readers focus on operating earnings, reviewing a year in which insurance operations ...
Buffett Letter Confirms GEICO Nicely Retirement; Roberts New CEO
Warren Buffett used his annual letter to heap praise on Tony Nicely, the long-time chief executive officer of Berkshire Hathaway Inc.'s Geico insurance unit. The letter also offered some perhaps ...
Buffett’s Berkshire Hathaway Reportedly Negotiating to Sell Workers Comp Unit
Warren Buffett's Berkshire Hathaway Inc is in advanced discussions to sell its Applied Underwriters workers compensation unit to a consortium of insurance firms, people familiar with the matter said ...
Two Former Markel CATCo Execs Sue, Alleging Bogus Firing Reasons to Avoid Paying Bonuses
Two fired executives of Markel's Bermuda reinsurance operations are suing Markel, claiming the company created a false narrative alleging they violated corporate policy by having a personal ...