News
Executives On The Move at Swiss Re and AXA XL
Swiss Re's Corporate Solutions Unit promoted an executive within its Engineering & Construction North America division. AXA XL's North America construction business promoted an executive to a ...
EU to London’s Banks and Insurers: Get Used to Limited Post-Brexit Access
Britain's huge financial sector will never again have the same access to the European Union as it did when the country was a member of the bloc, the EU's financial services chief said. Brexit makes ...
$2 Trillion Won’t Be Enough for the Next Black Swan Event
There aren't many contexts where $2 trillion seems like a paltry sum. Then a pandemic comes along. The economic fallout from COVID-19 has left insurers issuing existential warnings and businesses ...
COVIDigation Part 3: What’s the Deal With Business Interruption Claims?
Well, 2020 is almost over. Am I right? Following up on previous work exploring the relationships between COVID-19 and business interruption insurance litigation, in this article we evaluate trends ...
Negative Outlook Continues for U.S. Commercial Lines: A.M. Best
U.S. commercial lines insurers will continue to be tarnished by an A.M. Best negative outlook, thanks to COVID-19 economic uncertainty, social inflation and other challenges. A.M. Best first revised ...
Multiple Investors Back Cyber Insurance MGU At-Bay’s New VC Round
At-Bay secured a $34 million venture capital infusion that the cyber insurance MGU startup said will enable more hiring, further product launches, digital collaborations and technology improvements. ...
U.S. Cybersecurity Firm Breached; Internal Hacking Tools Stolen
FireEye, one of the largest cybersecurity companies in the United States, said on Tuesday that is has been hacked, possibly by a government, leading to the theft of an arsenal of internal hacking ...
Germany’s Getsafe Raises $30M from Swiss Re, Others; Eyes Becoming Full Carrier
Digital MGA Getsafe disclosed $30 million in new financing led by new investor Swiss Re. The Heidelberg, Germany-based InsurTech said the money will help build its market dominance among millennials ...