News
Munich Re Reports Over $900M 3Q COVID Losses; Expects Harder Market
Ahead of a scheduled Nov. 5 quarterly earnings report, Munich Re announced that its COVID-19 losses for the third quarter total €800 million (roughly $940 million) and that non-COVID large losses ...
Broker Startup Newfront Raises $100 Million
Digital brokerage startup Newfront said it has raised more than $100 million in venture financing it will use to fuel business growth and product development. Founders Fund and Meritech Capital led ...
Enstar Offer Might Be ‘Superior’ to Arch: Watford Board
Watford Holdings Ltd. announced yesterday that it can't ignore an offer from Enstar Group Limited to buy the Bermuda-based company for $34.50 per share, or nearly $690 million, which beats a ...
InsurTech Root Plans to Raise Up to $604M in IPO
Automobile insurance startup Root Inc said on Tuesday it plans to raise as much as $604.1 million in its initial public offering on the Nasdaq, the latest in a line of insurers looking to tap the ...
Travelers Achieves Robust Q3; Net Income More Than Doubled
The Travelers Companies had a strong third quarter, reporting net income grew to $827 million, up from $396 million in the prior year quarter. An increase in the quarter's core income to $798 million ...
Marijuana Use During Pregnancy Linked to Psychotic-Like Behaviors in Children: Risk Alerts
Using marijuana while pregnant has been linked to psychotic-like behaviors in children. The months spent social distancing at home may be taking a toll on our bodies. Greenland saw record ice loss in ...
Conservative Culture Stymies Efforts to Diversify Insurer Executive Leadership
Attempts to diversify insurers' executive leadership are often stymied by conservative leadership and cultures, even after years of trying, a recent panel discussion concluded. "I don't mean to speak ...
FinTech Innovation Lab New York Seeking Startups for 12-Week Program
The FinTech Innovation Lab New York is now accepting application for its 12-week program designed to help early-and growth-stage financial technology companies accelerate their development. The ...