U.S.
Global P/C Insurance M&A Activity Soared Even With Pandemic Obstacles: Conning
Global P/C insurance M&A activity was "surprisingly rigorous" in 2020 despite significant challenges created by the coronavirus pandemic, Conning said. Conning tracked $28.6 billion in ...
New FAA Rules Should Expand Commercial Use of Drones
New Federal Aviation Administration rules are expected to clear the way for expanded commercial use of drones, which are increasingly being used by insurers to assess property damage. The updated ...
Save for Cyber, Global Commercial Insurance Price Hikes Begin to Moderate: Marsh
Global commercial insurance pricing continued its double-digit growth in the 2021 first quarter, but the rate of increase dipped for the first time since late 2017, Marsh found in its latest market ...
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 ...