International
Aon Cell Company + 8 Reinsurers Back Lloyd’s Central Fund; $900M Cover
Late last week, Lloyd's announced that the marketplace has secured a five-year £650 million (roughly $900 million) reinsurance cover for its Central Fund—a move should protect against severe tail ...
French Pricing InsurTech Akur8 Raises $30M; Eyes U.S., Asian Markets
Akur8, the Paris-based InsurtTech firm that automates insurance pricing, has closed a Series B funding round of $30 million, bringing its total funding to $42 million. This latest funding round will ...
Americans Don’t Expect Normal Travel Until 2022: Generali Survey
Most Americans don't expect a return to normal travel until 2022, according to a new Generali survey, which mean smaller numbers will take a summer vacation this year than before COVID-19 hit. The ...
Software Bug, Not Cyber Attack, Takes Down Airlines, Banks
A software bug at a major network provider briefly knocked dozens of financial institutions, airlines and other companies across the globe offline during peak business hours in Asia. Akamai, which ...
InsurTechs Help Carriers Bridge the Digital Divide in Multiple Ways
As the COVID-19 pandemic has pushed many insurers to embrace more technology, there has been some talk of how InsurTechs can step in and help insurers navigate the ever-changing digital space. "I ...
U.S. Pet Insurer Trupanion Plans Overseas Expansion
Trupanion, the Seattle-based medical insurer for cats and dogs, is pursuing an international expansion and has hired an executive to help guide the effort. Simon Wheeler will be its executive vice ...
Tractable Attracts $60M to Fuel Further Expansion of AI-Focused Disaster Recovery Tech
The InsurTech Tractable has pulled in $60 million in fresh venture capital. Executives expect to use the money to further the company's artificial intelligence technology for accident and disaster ...
Google to Confront Revived Shareholder Lawsuit Alleging It Hid Security Risks
A U.S. appeals court on Wednesday revived a lawsuit in which shareholders of Google parent Alphabet Inc accused the company of fraudulently concealing security vulnerabilities, including in its ...