Industry News
AXIS Consolidates 4 Businesses Into Single Global Cyber and Technology Unit
AXIS Insurance said it is merging its U.S. Cyber, Technology, Media and Miscellaneous Professional Liability businesses into one major division to better address "borderless risks." Dan Trueman has ...
Experts Predict Another Short-Term Renewal for National Flood Insurance Program
With the clock ticking on the National Flood Insurance Program's authorization that is set to run out this Friday, Nov. 30, Congress is expected to renew the program short-term by taking one of ...
AXA’s $15B XL Acquisition Enables It to Raise Profit Goals, Target Asia Markets
AXA, Europe's second-biggest insurer, expects its profitability to improve in the next two years thanks to U.S. business brought in by its new XL arm, and said it would now focus on expanding in ...
The Latest Launches From Zurich/Snapsheet and Liberty Mutual
Snapsheet 's virtual claims technology will go global, thanks to a new strategic agreement with Zurich Insurance Group. Liberty Mutual said it has strengthened its Agents Errors & Omissions ...
Executives On The Move at Hamilton Re and TigerRisk
Hamilton Re promoted a veteran executive to handle its casualty & specialty operations. broker TigerRisk Partners LLC hired an outside executive to lead one of its key divisions.
The Latest Launches From Aon and LexisNexis
Aon said it has started offering coverage designed to protect income streams for companies with lots of intangible assets, such as firms in the gig economy. LexisNexis is releasing a new data score ...
InsurTech MGA Corvus Nails Down a $10M Series A Financing
Corvus Insurance has secured $10 million in new venture financing, money the InsurTech-focused managing general agent plans to use to jump into additional lines of commercial insurance. Two firms led ...
Allianz, Boeing Win as U.S. Judge Dismisses Suit Over Missing Malaysia Airlines Flight
A U.S. judge has dismissed nationwide litigation over the disappearance of Malaysia Airlines Flight MH370 in which victims' families sought to hold the carrier, its insurer Allianz SE and Boeing Co ...
AXA Extends Climate Change Policy to Newly Acquired XL Division
AXA, France's biggest insurer, has extended its climate change policy to its recently acquired XL division, joining a growing list of European insurers that have taken action to help to tackle global ...