News
SCOR CEO Prediction: Double-Digit Reinsurance Rate Hikes on Jan. 1
Reinsurance rates are likely to rise in the double-digit percentage point range at key contract renewals in January, Denis Kessler, chairman and chief executive of the French reinsurer SCOR, said on ...
Fintechs Will Increasingly Squeeze Insurer Market Share: EU Official
Established insurers will face a squeeze on profits and market share as new financial technology companies muscle in on the industry, a senior European Union official said on Wednesday. More fintech ...
Hippo Attracts $350M Investment From Mitsui Sumitomo; Reinsurance Treaty Also Planned
Hippo Enterprises, an MGA InsurTech focused on homeowners insurance, secured a $350 million capital investment designed to help fuel further growth. A related reinsurance agreement is also part of ...
Zywave Will Snatch Up ITC
Insurance technology company Zywave said it will acquire Insurance Technologies Corporation (ITC), a provider of marketing, rating and management software and services for the insurance industry. ...
U.S. Thanksgiving Flyers Create Surge in Catch-All Travel Insurance
U.S. websites have seen a surge in travelers seeking expensive ironclad insurance this Thanksgiving, as Americans desperate to break the monotony of a year spent at home look to cover themselves ...
Metromile to Become Public Company and Expand Nationally
Metromile Inc., an InsurTech focused on pay-per-mile auto insurance, has hit the public markets in a reverse merger deal with Insu Acquisition Corp. II (Insu II), a special purpose acquisition ...
Howden Buys Safeonline, a Cyber and Tech Specialist Broker
Howden, the international insurance broker, announced it has reached an agreement to acquire Safeonline, a London-based cyber and tech specialist broker and Lloyd's coverholder. Financial details of ...
Google Will Deal With Second Antitrust Lawsuit, Courtesy of 7 States
A bipartisan group of U.S. states plans to file an antitrust lawsuit against Google as early as next month, according to two people briefed on the matter, potentially beating a more widely ...