U.S.
Munich Re, AAIS Partner to Develop Private Flood Insurance Incentives
Munich Re said it will work with an insurance industry non-profit to help close the flood insurance gap in the U.S. and creative potential incentives for a private market. The global reinsurer's ...
JLT Specialty USA Founding Leader Rice Becomes CEO of CAC Specialty
Newly launched specialty insurance broker CAC Specialty announced the appointment of Michael D. Rice II as its chief executive officer. Rice brings years of experience in the brokerage industry. Most ...
Lockton Joins $32 Million Funding for Bold Penguin, a Commercial Lines InsurTech
Bold Penguin, a commercial insurance technology provider in Columbus, Ohio, said it has completed a $32 million Series B funding round, bringing the total capital it has raised to more than $50 ...
Insurers, Pension Funds Pledge Climate Action at U.N. Summit
Insurers and pension funds managing $2.3 trillion pledged on Monday to shift their portfolios away from carbon-heavy industries in the hope of triggering snowballing climate commitments from other ...
Collapse of Thomas Cook Leads to Massive Tourist Airlift
The U.K. government deployed the "largest repatriation in peacetime history" to bring home more than 150,000 tourists stranded on overseas beaches and in vacation hotspots by the collapse of tour ...
Bold Penguin Touts Expansion of Agent-Friendly Commercial Insurance Digital Storefront Tech
Bold Penguin, an InsurTech startup and commercial insurance technology provider, said it has expanded access to its portal that helps users triage, quote and bind commercial insurance. The company's ...
New InsurTech Financings Focused on Agencies, Cyber and Analytics
Broker Buddha raised $4.5 million to help advance its agency operations technology that simplifies commercial insurance application and renewals. Kovrr, a Tel Aviv-based predictive cyber risk ...
Insurance and Other Securities Under Pressure Remain Private Equity Targets: Apollo Exec
Private equity billionaire Joshua Harris thinks there are still plenty of undervalued companies to improve and profit from, especially away from the public markets. "Certainly, this is not a ...