Industry News
AIG to Offer Equity Crowdfunding Insurance
American International Group has launched a new insurance product to protect investors on equity crowdfunding platforms against issuer fraud. Crowdfunding Fidelity protects individual investors ...
AGCS Grows North America Entertainment Arm, Plans Global Expansion
Allianz Global Corporate & Specialty is beefing up its entertainment division in North America with four new hires. A key executive with the division promises that the expansion will ultimately ...
China’s Ping An Insurance Joins Global Blockchain Consortium
China's second-biggest insurance company, Ping An Group, has become the first Chinese member of a global consortium led by fintech firm R3 that is working on ways blockchain technology can be used in ...
The Real Story Behind Bermuda Insurers’ Premium Jump
At first glance, Bermudian re/insurance companies appeared to start the year with a bang, reporting a 21 percent increase in consolidated gross premiums written (GPW), according to a new report ...
Swiss Re, Munich Re Helped Shape World Bank’s New $500M Pandemic Risk Fund
Munich Re, Swiss Re and catastrophe modeling firm AIR Worldwide collaborated on the recent World Bank launch of a $500 million insurance fund designed to help protect poor countries from pandemic ...
Chubb to Provide High-Net-Worth Personal Insurance Customers With Customizable Protection
Chubb has announced a partnership to provide specialized home protection services to high-net-worth personal insurance customers in the United States. The insurer is teaming up with ADT Security ...
France’s AXA Will Divest its $2B in Tobacco Industry Assets
AXA SA, France's largest insurer, said it will stop investing in tobacco and divest all of its 1.8 billion euros ($2 billion) of assets in the industry. AXA will sell about 200 million euros of stock ...
The Latest Launches from XL Catlin, Guy Carpenter and Assurant
Guy Carpenter & Co. and a partner are coming up with a new cyber aggregation model. XL Catlin beefed up its professional liability coverage for small U.S. architectural and engineering firms. ...