News
Tadikonda Replacing Edmundson as CEO of Cyber MGA Corvus
Boston-based InsurTech Corvus Insurance said Madhu Tadikonda will take over immediately as chief executive officer, replacing founding CEO Phil Edmundson. Edmundson will assume the new role of ...
The Latest Launches From Players Health, Kovrr, At-Bay
Players Health, a sports platform and InsurTech managing general agent, launched an insurance product enabling amateur and professional sports teams to buy comprehensive insurance to protect players, ...
AIG Exceeds Profit Estimates on Strong Underwriting Gains
American International Group Inc. beat market estimates for quarterly profit on Monday as a jump in underwriting income cushioned the blow from lower investment returns. Net premiums written in the ...
Munich Re’s Profit Slumps as It Takes $1 Billion Hit to Investment Portfolio
Munich Re's profit slumped as the reinsurer took a hit of almost $1 billion to its investment portfolio in a volatile quarter for financial markets. The Munich-based company wrote down the value of ...
Gallagher Calls Alliant’s Filing in Poaching Suit a ‘Masterclass in Deflection’
In the latest in the back-and-forth court filings between Arthur J. Gallagher and Alliant Insurance Services, Gallagher said its competitor is putting on a "masterclass in deflection" to prevent the ...
Viewpoint: La. and N.Y. Appellate Courts First to Find Physical Loss From COVID-19 Shutdowns
There is a hole in the dam. Prior to June 14, every one of the 77 federal and 44 state court appellate decisions interpreting the meaning of "direct physical loss or damage" in a standard-form ...
Lemonade Records Another Q2 Loss, Changes Pace for Profitability
InsurTech Lemonade said it booked a second-quarter net loss of $67.9 million compared with a net loss of $55.6 million during the same quarter last year, but in a letter to shareholders the company ...
FM Global Puts Aside $300M for Policyholders’ ‘Resilience Credit’
Policyholders of FM Global, which include one of every three Fortune 500 companies and similar size organizations worldwide, will collectively receive about $300 million in a first-of-its-kind ...