U.S.
Swiss Cybersecurity Firm Acronis Nails Down $250M Financing Round
Swiss cyber security firm Acronis said on Tuesday it has received more than $250 million in a financing round led by CVC Capital valuing it at more than $2.5 billion. Founded in Singapore in 2003, ...
A Rebound for CNA’s Q1 Net Income, but Catastrophe Losses Soar
CNA Financial Corp. saw its first quarter net income improve dramatically over the previous year, thanks in part to better investment numbers. At the same time, CNA's net pretax catastrophe losses ...
Federal Appeals Court Upholds Dismissal of Insurance Executive’s Whistleblower Suit
A federal appellate court upheld the dismissal of a whistleblower lawsuit filed by an insurance executive who was fired after allegedly submitting false expense reports and encouraging employees ...
Executives On The Move at Buckle, Hippo and AXIS Insurance
The InsurTech Buckle hired a former Farmers Insurance executive in a leadership role. Hippo appointed a number of new executives to its technology team. AXIS Insurance is bringing on a new executive ...
Buffett Points to Greg Abel as His Likely Successor at Berkshire Hathaway
Warren Buffett ended long-running speculation about his successor at Berkshire Hathaway Inc by saying Greg Abel, who oversees the conglomerate's non-insurance businesses, would be named chief ...
MGA Startups During COVID Helped Accelerate Digitization: InsurTech Forum Preview
One of the more intriguing InsurTech trends over the last year has been an accelerated push by MGA startups to make insurance easier for consumers in a variety of ways. COVID-19 propelled that ...
Berkshire Hathaway’s Q1 Insurance Underwriting Income Rebounds; Reinsurance Results Mixed
Berkshire Hathaway saw its insurance earnings improve dramatically overall, after taking a hit the previous year when COVID-struck the world. The Warren Buffet-led conglomerate produced $764 million ...
Buffett Said Berkshire Hathaway Benefited From U.S. Economy’s Unexpected Strengths
Warren Buffett said on Saturday that Berkshire Hathaway Inc is being lifted by a U.S. economy faring far better than he predicted early in the coronavirus pandemic, though investor euphoria is making ...