News
Zurich North America Names Head of Private Equity for U.S. Middle Market Biz
Zurich North America said it is building a team to better support private equity-owned businesses. To that end, the longtime provider of insurance products and services for this customer class has ...
Chinese InsurTech Waterdrop Reportedly Raises $360M in NY IPO
Chinese online insurance technology firm Waterdrop Inc has raised $360 million by pricing its shares at $12 a piece in its New York initial public offering (IPO), according to two sources with direct ...
Why a framework to build agents is necessary, but not the same thing as AI doing insurance work. Almost every...
Shift Technology Raises $220M to Advance AI-Driven Insurance Technology
Shift Technology raised a whopping $220 million in new venture investment designed to advance its products and services that rely on artificial intelligence and big data technology to optimize ...
AIG’s P/C Business Squeaks Into the Black; Net Income Soars
AIG's property/casualty insurance business squeaked into the black during the first quarter after losing money a year ago, and the company's overall net income grew substantially, thanks in part to ...
Insurer Reviews Options After Egyptian Court Allows Continued Container Ship Detention
An Egyptian court on Tuesday ruled that the container ship which blocked the Suez Canal in March could continue to be held in the waterway, rejecting an appeal by its Japanese owner against its ...
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 ...
SCOTUS Won’t Revive Wells Fargo Accounts Scandal Suit
The U.S. Supreme Court on Monday rebuffed a bid by current and former employees of Wells Fargo & Co to revive a lawsuit over losses to their retirement plan following a scandal over fake accounts ...
Allstate Books $1.4B Q1 Loss Over Life and Annuity Divestitures
Allstate lost more than a billion dollars during the first quarter, stemming from the sale of its life insurance and annuity business. But the company substantially boosted revenues based on ...