Industry News
InsurTech Wefox Raises €151M to Build New MGA Focus, Core Markets
InsurTech wefox has secured funding of €151 million ($177.8 million), which will enable the company to build its core market positions in Austria, the Netherlands and Switzerland as well as its ...
CRC Group to Acquire Lloyd’s Managing Agency Atrium Underwriting Group
CRC Group, the Charlotte, North Carolina-based wholesale specialty insurance distributor, has entered a definitive agreement to acquire Lloyd's managing agency Atrium Underwriting Group Ltd. from ...
PwC’s AI Chief Says Firm Has Cut Prices as Tech Saves Staff Time
PricewaterhouseCoopers LLP, one of the world's largest professional advisory firms, has cut prices for some services as clients raised the fact that the consultancy is using artificial intelligence ...
Reputation Risk Can Overshadow Ransom in Cyber Attacks, Aon Says
The cost of a cyber attack extends far beyond any immediate mitigation expenses or ransoms paid. Reputational costs and dipping stock values can be a significant portion of losses, according to the ...
Reinsurance Renewal Prices Moderate as Capacity Exceeds Cedent Demand: Brokers
Strong returns in the reinsurance sector are attracting capital and leading to favorable pricing outcomes for buyers, but underwriting discipline continues, according to renewal reports from three ...
Philadelphia Insurance Is Back Up and Running After Network Outage
Philadelphia Insurance reports its operations have been restored following a network outage. "We have resumed regular operations, though we continue to address minor technical issues as they arise," ...
Beazley Report: U.S. Executives Misjudge Cyber Preparedness
U.S.-based executives feel more prepared to counter cyber threats, potentially indicating a false sense of security because many companies lack the ability to be adequately prepared, according to a ...
New Study Suggests Vehicle Blind Spots Are Getting Worse
Forward blind zones of six top-selling passenger vehicles grew substantially over the past 25 years as pedestrian and bicyclist fatalities soared, according to a comparison technique developed by the ...