News
AXA Consortium in Talks to Buy Stake in Orsted’s UK Offshore Wind Farm
Denmark's Orsted A/S is in talks with a consortium that includes AXA SA and a Credit Agricole SA unit to sell a stake in a large wind farm off the east coast of England, according to people familiar ...
The Value of Cybersecurity Frameworks in Insurance
The insurance industry is built on data—sensitive financial, health, and personal data—and must do everything in its power to protect that data from criminals. This requires protecting business ...
InsurTech MIC Global Receives ‘In-Principle’ Approval to Launch Lloyd’s Syndicate
InsurTech MIC Global has received "in-principle" approval from Lloyd's for the creation of MIC Global Insurance Syndicate 5183. UK-based MIC Global offers end-to-end digital micro insurance products, ...
After Months of Decline, Florida Claims Litigation Rose Sharply in January
Just when insurers saw signs that last year's reform legislation may be having an impact on claims litigation, bad news appeared in the inbox Wednesday. CaseGlide, the maker of litigation management ...
Investment Gains Float Weight of $5.6B Underwriting Loss for U.S. P/C Insurers in Nine Months 2021
An increase in capital gains on investments is largely credited with lifting the after-tax net income of private U.S. property/casualty insurers to $42.1 billion over nine months in 2021 compared to ...
Tech Bytes: New Partnerships at Zendrive, Vitech Systems Group, GeoX
Zendrive, a data and analytics company focused on improving road safety, announced a new partnership with AXA XL, a provider of global commercial insurance and reinsurance to enterprises. Zendrive ...
Gunmaker Remington to Pay $73M to Sandy Hook Families
Remington Arms will pay $73 million to the families of five adults and four children killed in the Sandy Hook Elementary School massacre, the families said on Tuesday, marking the first time a ...
Global Insurance M&A Rises in 2021, Despite Pandemic Pressures: Clyde & Co. Report
There were 418 completed mergers and acquisitions (M&A) worldwide in the insurance sector in 2021, up from 407 the previous year, according to a report published by law firm Clyde & Co. ...