Industry News
The Latest Launches From Zurich Insurance and Marsh
Zurich Insurance said it has revamped its cyber insurance policy to include more coverages. Marsh said it is developing a blockchain-based verification product for clients focused on the sharing and ...
Canada’s Intact Financial Wary of Insuring Recreational Cannabis Industry
Don't expect Intact Financial Corp., Canada's largest property and casualty insurer, to insure the recreational-cannabis industry anytime soon. "It's not seen as the pot of gold that we should chase ...
RenaissanceRe Non-Committal About Exploring ‘Strategic Alternatives’
A ReinaissanceRe shareholder's call for the company to explore a possible sale is drawing a non-committal response from management. TimesSquare Capital Management, an institutional management firm ...
Aspen Founder, CEO O’Kane to Depart in 2019; Brit Chairman Cloutier to Replace Him
Aspen Insurance Holdings Group Chief Executive Officer Chris O'Kane plans to step down in the 2019 first half, after investment manager Apollo Global Management LLC closes its $2.6 billion deal to ...
Credit Karma Jumps Into Insurance With Debut of Auto Policy Service
Financial technology startup Credit Karma said on Tuesday it is expanding into insurance through a new service that makes it easier for users to find cheaper auto insurance policies. The tool ...
UK’s Boris Johnson Blasts PM’s Brexit Plan as ‘Not Democracy’
Boris Johnson won cheers at the U.K. Conservative Party's annual conference with an attack on Theresa May's Brexit plan, but stopped short of calling for her to be removed as prime minister. While ...
UK VC Fund Focused on Insurance Makes First Two InsurTech Investments
Eos Venture Partners' strategic InsurTech fund has made its first two investments. The UK-based specialist venture capital fund, working through its debut EVP 1 fund, committed early financing to ...
AmTrust Shareholder Wants Regulator Rejection of $2.95B Privatization Plan or Higher Price
One of AmTrust Financial Services' shareholders is lobbying state regulators to oppose the insurer's move to go private. "Make no mistake, privatization is bad for investors, bad for brokers, bad for ...