International
COVID Is One of Many Risks Insurers and Financial Sector Firms Face: Allianz
Covid-19 may drive market corrections and insolvencies that could impact financial institutions' balance sheets, increase exposures for directors and result in litigation. However, financial ...
Hiscox Q1 Overall Growth Offsets U.S., Cyber Repositionings
Hiscox Ltd reported gross written premiums up 6.3 percent to $1,3 billion, with growth in Hiscox London Market, Hiscox Europe and direct and partnerships business more than offsetting planned ...
Cyber Attack Strikes Billion-Dollar Spanish Delivery Startup
A hacker broke into the systems of Spanish rapid-delivery startup Glovo last week, it said on Tuesday, without specifying what information might have been accessed. Valued at over $1 billion, ...
Global P/C Insurance M&A Activity Soared Even With Pandemic Obstacles: Conning
Global P/C insurance M&A activity was "surprisingly rigorous" in 2020 despite significant challenges created by the coronavirus pandemic, Conning said. Conning tracked $28.6 billion in ...
Save for Cyber, Global Commercial Insurance Price Hikes Begin to Moderate: Marsh
Global commercial insurance pricing continued its double-digit growth in the 2021 first quarter, but the rate of increase dipped for the first time since late 2017, Marsh found in its latest market ...
Swiss Cybersecurity Firm Acronis Nails Down $250M Financing Round
Swiss cyber security firm Acronis said on Tuesday it has received more than $250 million in a financing round led by CVC Capital valuing it at more than $2.5 billion. Founded in Singapore in 2003, ...
Executives On The Move at Buckle, Hippo and AXIS Insurance
The InsurTech Buckle hired a former Farmers Insurance executive in a leadership role. Hippo appointed a number of new executives to its technology team. AXIS Insurance is bringing on a new executive ...
Buffett Points to Greg Abel as His Likely Successor at Berkshire Hathaway
Warren Buffett ended long-running speculation about his successor at Berkshire Hathaway Inc by saying Greg Abel, who oversees the conglomerate's non-insurance businesses, would be named chief ...