U.S.
U.S. Private Equity Buyers Boost Increased Insurer Sales of Annuities, Other Assets
U.S. insurers are stepping up sales of annuities and other capital-intensive assets amid a surge in interest from new and established private equity buyers hungry to boost the amount of money they ...
InsurTech Coterie Raises $11.5 million
Coterie pulled in $11.5 million in new venture funding it will use to fuel further expansion of its business, which is designed to integrate insurance purchasing into existing small businesses ...
CVS, Walgreens Prepare for Fresh Round of ‘Bot’ Attacks on COVID Vaccine Program
U.S. retailers and pharmacies like Walgreens and CVS Health are preparing for a fresh round of "bot" attacks by scalpers hoping to snap up COVID-19 vaccine appointments as they did hoarding Sony ...
The Hartford Sustains Profit Dip Due to COVID Life Insurance Claims
Fourth quarter profit at The Hartford dipped slightly due in part to COVID-related group life insurance claims. Fourth quarter 2020 net income came in at $532 million, down 2 percent from fourth ...
Irish Court Backs Four Irish Pubs Over COVID Lockdown Insurance Claims
Ireland's High Court ruled on Friday that four publicans insured by FBD were entitled to be indemnified for losses under lockdown-linked claims, in a test case that could have implications for over ...
Chubb CEO Greenberg on COVID Loss Predictions, Cyber and Rioters
COVID-19-related underwriting losses for the property/casualty insurance industry remain on track to reach as high as $80 billion, Chubb Chairman and CEO Evan Greenberg said in a sober assessment of ...
Executives On The Move At AXA XL and AXIS Re
A former Munich Re executive joined AXA XL in a leadership role involving reinsurance sales in Latin America. Another ex-Munich Re executive signed on with AXIS Re as a Senior Underwriter for its ...
The Latest Launches From Slice Labs and Cowbell Cyber
Slice Labs is debuting an automated claims settlement feature in its cloud services platform for carriers. Cowbell Cyber launched a new program designed to boost risk management services for its ...