Industry News
A Quantum Computing Startup With an Eye on Insurance Raises $2M
A Canadian company developing quantum intelligence for insurance and other industry sectors has raised a $2 million seed round of financing. Qindom, based in Toronto, raised the funding from an ...
The Latest Launches From Starr Companies, AIR Worldwide and Church Mutual
Starr Companies plans to underwrite an insurance product designed for a particular Canadian visa program. AIR Worldwide released an updated U.S. wildfire model. Church Mutual, meanwhile, is teaming ...
Executives On The Move at Everest Re Group, XL Catlin and AXIS Capital Holdings
A former Chubb executive is joining Everest Re Group in a leadership role at its Reinsurance division. Ex-executives from Willis Towers Watson and Nationwide Insurance are starting as underwriters at ...
Stock for UK’s Esure Soars on Possible $1.5B Bain Capital Offer
Britain's esure is in advanced talks over a possible 1.17 billion pound ($1.49 billion) bid from Bain Capital Private Equity, the insurance company said on Monday, sending its shares more than 30 ...
XL Catlin Beefs Up M&A Underwriting Team With Two New Additions
XL Catlin hired two new additions to its team of Mergers and Acquisitions insurance underwriters - one is a veteran executive from Allied World Assurance Company. Naveed Khalidi comes to XL Catlin ...
Property Cover Drives 3rd Consecutive Quarter of Global Commercial Insurance Prices Hikes
Global commercial insurance prices rose in the second quarter of 2018, marking the third consecutive quarter of increases, according to Marsh's "Global Insurance Market Index." These average ...
Treasury Dept. Proposals Clear Up Trump Tax Cut Confusion For Brokers, Agents
The Treasury Department has moved to clear up some confusion in the Trump tax cut law by proposing that the full 20 percent deduction for pass-through businesses be made available to a broad spectrum ...
July’s Droughts, Fires Caused Billions of Dollars in Economic Damage: Impact Forecasting
For many of July's global natural disasters, it was all about drought and wildfires, according to the latest update from Aon's Impact Forecasting. What the report found: Many countries dealt with ...