International
German InsurTech Friendsurance Turns to Debt Financing as Funding Alternative
Many InsurTech startups pursue venture capital or equity financing to fuel their growth (the sale of stock to investors who gain ownership interest in return). Germany's Friendsurance recently took a ...
Boeing Is Reportedly Beginning 737 MAX Certification Flight Tests
Pilots and test crew members from the U.S. Federal Aviation Administration and Boeing Co are slated to begin a three-day certification test campaign for the 737 MAX on Monday [June 29], people ...
Generali Reportedly Interested in Acquiring U.S. Asset Manager Brightsphere
Assicurazioni Generali SpA has approached Brightsphere Investment Group Inc about a possible acquisition of the U.S. asset management firm, people familiar with the matter said on Friday. A deal ...
Canada’s LifeLabs Found to Have Botched Customer Data Protection Efforts
Canadian laboratory testing company LifeLabs failed to adequately protect sensitive health information of millions of people, resulting in one of the biggest data breaches in the country last year, ...
COVID-19 Could Be Most Expensive Event Ever for Insurers, Reinsurers: Guy Carpenter
Although considerable uncertainty remains over its ultimate cost, the COVID-19 pandemic looks set to rank among the re/insurance sector's most expensive events, according to a report published by ...
Executives On The Move at W.R. Berkley and Alliant
Specialty insurer and reinsurer W.R. Berkley appointed two attorneys to high-level counsel positions. Alliant hired a co-leader of its mergers and acquisitions unit. *** W.R. Berkley Corporation ...
Legal Experts: Bayer Hopes Science Will Prevent Future Roundup Lawsuits
Seeking to forestall further claims, Bayer AG is taking a risky bet that an independent scientific review will ultimately show that its widely used weed killer Roundup does not cause cancer, legal ...
Lemonade IPO Envisions Raising Up to $286M
Insurance startup Lemonade Inc, which is backed by SoftBank Group Corp, said on Thursday it was looking to raise up to $286 million in its U.S. initial public offering (IPO), as the IPO market gains ...