Industry News
FEMA Fires Manager Who Told Staff to Skip Homes With Trump Signs
A Federal Emergency Management Agency employee who ordered workers to bypass homes with yard signs supporting President-elect Donald Trump has been fired, the agency's head said Saturday. "This is a ...
WTW Unveils Machine-Led Solution to Enhance Insurance Reserving
Insurance broker WTW announced the launch of ResQ Machine-led Reserving, which WTW describes as a game-changing technology for insurers and reinsurers to enhance accuracy and efficiency in ...
Hippo Sells Majority Stake in First Connect Insurance to Centana Growth Partners
InsurTech Hippo said it has sold a majority stake in First Connect Insurance Services, a digital platform for independent agents. The buyer is private equity fund Centana Growth Partners, who with ...
Hannover Re’s Henchoz to Step Down as CEO, Succeeded by CFO Jungsthöfel
Hannover Re announced that Chief Executive Officer Jean-Jacques Henchoz (60) is stepping down and will be replaced by the current chief financial officer, Clemens Jungsthöfel (54). Henchoz has ...
Liberty Mutual Quadruples Q3 Net Income Despite Catastrophe Losses
Liberty Mutual Holding Company said consolidated third quarter net income more than quadrupled to $897 million compared to $215 million during the same period a year ago. Catastrophe losses remained ...
The Latest Launches from Earnix, Coterie, Zywave
Earnix, a global provider of SaaS solutions for financial services, announced Earnix Lending Plus, an end-to-end AI-driven software platform that combines advanced pricing analytics, price ...
Renewable Energy Offers a Cost and Opportunity to Insurance Sector
Policyholders in the renewable energy insurance market are paying between 20%-40% more for cover today than a year ago as insurers seek to recover the cost of "devastating claims" in regions hit by ...
Climate, Geopolitical Conflict and Cyber Risks Top Concerns in Latest AXA Survey
Managing complex risks, nimble decision-making amid rapid technological advances and increasingly interconnected risks are top concerns, a recent AXA Future Risks Report outlined. The annual survey ...
Cuba’s Electrical Grid Down After Hit From Hurricane Rafael
Cuban authorities struggled to return power to the island on Thursday morning after Hurricane Rafael knocked out the country`s electrical grid, leaving 10 million people ...