News
Twitter, Google, Facebook Sued by Families of Orlando Nightclub Victims
The families of three men killed at Orlando's Pulse gay nightclub have sued Twitter Inc, Alphabet Inc's Google and Facebook Inc in federal court, accusing the companies of providing "material ...2017 Predictions Part II: InsurTech, Australia D&O and India Cyber Insurance
InsurTech was an insurance buzzword in 2016, and that's likely to continue next year when it will permeate almost every aspect of U.S. industry, according to a prediction from international law firm ...
Enstar Debuts KaylaRe, a Reinsurer Focused on Specialty Coverage
KaylaRe is hitting the market, a new carrier focused on global specialty reinsurance coverage backed largely by Enstar. The Class 4, Bermuda-based reinsurer debuts with $620 million in capital, $300 ...
Advancing a Digital Agenda: Policy Administration Transformation Is Step 1 for Carriers
Most carriers are looking at investment in a policy administration transformation as the first step in advancing their digital agenda. As shown in earlier parts of this article, fewer survey ...
Guidewire Grabbing ISCS for $160M, With an Eye on the Cloud
Guidewire, a software company focused on the P/C industry, will buy a tech outfit specializing in cloud computing for about $160 million in cash. The acquisition also helps it access the small ...
Fitch Places Allied World’s Financial Strength Status on Rating Watch Negative
Fairfax Financial may see huge possibilities in its $4.9 billion agreement to buy Allied World Assurance Co., but Fitch Ratings is responding cautiously to the news. Fitch placed Allied World's 'A+' ...
A $4.9B Allied World Buy Means Watsa’s Fairfax Is Betting on Trump
Prem Watsa, the Canadian investor who just agreed to buy a Swiss company in his largest deal, called the $4.9 billion agreement a bet on U.S. growth under President-elect Donald Trump. The purchase ...
Greenlight Capital Re CEO Hedges to Depart; Goldberg Will Return in Interim Capacity
Greenlight Capital Re disclosed that CEO Barton Hedges will be stepping down at the end of March 2017. News of his impending departure comes weeks after A.M. Best slapped the struggling specialist ...