News
$10.7B VW Investor Suit Over Diesel Emissions Scandal Set to Hit Trial Phase
Volkswagen faces a trial next week as investors seek 9.2 billion euros ($10.7 billion) in compensation arguing that the carmaker should have informed shareholders about a diesel pollution scandal ...
Lloyd’s Chooses Ex-QBE CEO Neal as Its New Leader
Lloyd's of London has chosen former QBE Insurance Group CEO John Neal as its new leader. Neal assumes the role of Lloyd's latest chief executive officer starting on Oct. 15. He succeeds Inga Beale, ...
Recently we explored how specialty insurance markets emerge and the signals that help MGAs distinguish a lasting opportunity from temporary...
State Farm Acquires Naming Rights in NFL, NBA Stadium Deals
One of the sports world's biggest advertisers, State Farm doubled down this week, buying the naming rights for the home venues of the Atlanta Hawks and Arizona Cardinals. State Farm Arena and State ...
British Airways Data Hack Exposes Airline to Fines Under New EU Data Rules
British Airways may become the first high-profile company to run afoul of Europe's far-reaching data privacy rules -- and face potentially hefty fines -- after a computer hack compromised credit card ...
The Latest Launches From Aon and Sompo International
Aon is targeting silent cyber exposures with a new product. Sompo International Holdings Ltd. rolled out a new financial and professional lines platform encompassing insurance and reinsurance ...
‘He’s Gaining on Us?’ An ‘Inconceivable’ Quarter of InsurTech Carrier Financials
As we worked on pulling together this third installment of our review of U.S. InsurTech startup financials, we were reminded of the scene from "The Princess Bride" in which a masked man in black ...
Second-Quarter 2018 Financial Details for Lemonade, Root and Metromile
Does Lemonade have shlimazels for customers? Is slower second-quarter growth at Root an indicator that the carrier is deliberately focusing on profitability? Do Ajit Jain and Rob Berkley know ...
XL Catlin Launches New Satellite Cover Addressing Launch and Deployment Risks
XL Catlin is expanding its space insurance offerings. The global insurer and reinsurer—soon to be acquired by France's AXA—disclosed it is launching space insurance coverage for satellite owners, ...