U.S.
IKEA, Seller of Furniture and Meatballs, Now Offers Home Insurance
IKEA, the Swedish global retailer that sells everything from assemble-it-yourself furniture to food, is getting into the home insurance business. Specifically, IKEA said it is partnering with Swiss ...
Sanofi to Work with U.S. Agency on Coronavirus Vaccine
French drugmaker Sanofi is working with a U.S. government agency to develop a vaccine against the new coronavirus from China, saying it could have a candidate ready for clinical trials within a year. ...
Chinese Province Launches Specialty Insurance for Businesses Slammed by Coronavirus
China's southern province of Hainan has launched the first specially-designed insurance product to cover losses incurred by businesses as a result of the coronavirus outbreak in the country, the ...
Most Insurers Plan to Add Employees or Maintain Current Staffing: Jacobson/Aon Study
Most insurance companies plan to either maintain current staffing or add new employees over the next 12 months, The Jacobson Group and Aon plc have found. At the same time, their new Semi-Annual U.S. ...
Executives On The Move at BHSI and Liberty Mutual
Berkshire Hathaway is bringing on a former Swiss Re executive in a leadership role. Liberty Mutual has a new senior vice president and treasurer. *** A former Swiss Re executive is joining Berkshire ...
Buffett’s Berkshire Hathaway Invests in Biogen and Kroger
Warren Buffett's Berkshire Hathaway Inc. piled funds into biotechnology company Biogen Inc. and supermarket operator Kroger Co. as it trimmed some of its bank wagers in the last few months of 2019. ...
AIG CEO Duperreault on P/C Insurance Turnaround: ‘This Inflection Point Was Critical to Achieve’
In a world of giant public companies with a global reach, $12 million may not seem like much. For American International Group, it's a very big deal. In the 2019 fourth quarter, AIG reported $12 ...
New InsurTech Financings: Software, SaaS Platform and Bicycle Insurance
Recent InsurTech funding announcements include a French company developing enterprise software products and services for credit and surety insurers; a Nevada-based SaaS-based digital insurance ...