Industry News
Armed With a $25M Infusion, Hippo Envisions National Homeowners Insurance Expansion
Hippo has nailed down $25 million in new Series B funding, a cash infusion the provider of super-quick homeowners insurance will use to fuel a hiring and geographical expansion. Comcast Ventures and ...
JLT Specialty USA Chooses Chicago as U.S. Headquarters
JLT Specialty USA has chosen Chicago as its U.S. headquarters. The U.S. subsidiary of Jardine Lloyd Thompson Group plc announced the news on Jan. 18, along with Chicago Mayor Rahm Emanuel. JLT's US ...
Berkshire Hathaway Vice Chairman Jain Holds $109M in Company Shares
One of Warren Buffett's top deputies has amassed a stake in Berkshire Hathaway Inc. valued at more than $100 million. Ajit Jain, the insurance executive who was named a vice chairman of Buffett's ...
Trump Tax Cut: Potentially Big Bottom Line Benefit to U.S.-Domiciled Companies
Federal tax reform was a big topic of discussion at the Insurance Information Institute's 2018 P/C Joint Industry Forum, with panelist Jay Gelb of Barclays Capital stating the recently passed tax law ...
RenaissanceRe Will Buy Minority Stake in Legacy Acquirer Catalina Holdings
RenaissanceRe will pick up a minority stake in Catalina Holdings (Bermuda) Ltd., a long-term manager of legacy runoff P/C insurance and reinsurance businesses. Neither side is disclosing financial ...
Global Elite’s Biggest Risk Worries: Cyber Attacks and War in the Age of Trump
The threat of large-scale cyberattacks and a "deteriorating geopolitical landscape" since the election of U.S. President Donald Trump have jumped to the top of the global elite's list of concerns, ...
Executives On The Move at AIG, AmTrust, Nationwide and Aspen Insurance
American International Group hired a new head of International Government Affairs. AmTrust appointed a rising executive to lead its new satellite insurance operations. Nationwide's chief information ...
Florida Court, Regulator Reject Policy Language to Curb AOB Abuse
Florida appeals court has sided with the state's insurance regulator in rejecting policy language filed by a Florida homeowners insurer to restrict the use of assignment of benefits. The decision ...