International
Next Insurance Pulls in $250M Financing from Partner Munich Re
InsurTech startup Next Insurance has pulled in a $250 million financing round from a single investor: Munich Re. Palo Alto-based Next said it plans to use the Series C cash infusion to scale up its ...
Liberty Mutual Closes Acquisition of 3 AmTrust Euro Subsidiaries
Liberty Mutual Insurance announced it has completed the acquisition of three European subsidiaries of AmTrust Financial Services: Nationale Borg, Nationale Borg Reinsurance, and AmTrust Insurance ...
A Red Sox/Yankees Game Helped Bring Tokio Marine and PURE Group Together
PURE Group, the high-net-worth insurer set to be acquired by Tokio Marine Holdings Inc., had been on the Japanese company's radar for more than a decade. After PURE was created in 2006, Tokio Marine ...
UK Home, Car Insurers may Be Stopped From Annual Price Hikes
U.K. home and car insurers could be stopped from jacking up prices when customers' policies come up for renewal as the country's financial-markets watchdog clamps down on an industry that's not ...
The Latest Launches From Munich Re/HSB and Slice Labs/Duuo
Munich Re's Hartford Steam Boiler launched a new sensor product focused on cellular Internet of Things technology. Slice Labs, an on-demand insurance cloud platform provider, disclosed the fruits of ...
Tesla’s Summon-Your-Car Feature Draws Attention of U.S. Safety Regulator
The top U.S. road-safety regulator is gathering information about a Tesla Inc. feature that allows customers to remotely call for their car to pick them up. The National Highway Traffic Safety ...
Ireland Predicts No-Deal Brexit if UK Proposals Are Final
If Britain's latest proposals for an agreement on leaving the European Union are its final offer, then a no-deal Brexit lies ahead, Irish Foreign Minister Simon Coveney said on Thursday. British ...
Tokio Marine to Grab PURE Group in $3.1B Deal
Tokio Marine Holdings Inc will buy insurer PURE Group for about $3.1 billion, it said on Thursday, marking its fourth sizable acquisition in the United States in a little over a decade. Japanese ...