U.S.
EMC Insurance Invests in MākuSafe, a SaaS Startup That Can Help Spot Workplace Risks
"MākuSafe," a Software as a Service (SaaS), data and analytics startup, has raised a seed financing round of nearly $3 million. The company bills its technology as a way to help identify workplace ...
General Insurance Blues: AIG Ended 2018 With Another Money-Losing Quarter
American International Group's road to profitability continues to be both slow and challenging. High catastrophe losses in the fourth quarter presented yet another obstacle. The property/casualty ...
Suit Alleges Maiden Holdings Failed to Address and Disclose AmTrust Portfolio Risks
Maiden Holdings Ltd. is named in a class action investor lawsuit alleging that it failed to adequately address and reveal portfolio risks involving AmTrust Financial Services, its largest customer. ...
Dispute With Insurers Cited By Talc Supplier Filing Bankruptcy
Imerys Talc America Inc., which supplies talc for products including Johnson & Johnson's baby powder, filed for bankruptcy protection in an effort to end nearly a decade's worth of lawsuits ...
Specialty Broker USI Insurance Services Will Snatch Up U.S. Risk Insurance Group
Dallas-based property/casualty program and specialty brokerage firm U.S. Risk Insurance Group (U.S. Risk) announced it has agreed to be acquired by USI Insurance Services (USI). The transaction is ...
Alleged China Hacking May Draw Coordinated EU Response
European Union member states are considering a possible joint response to cyber attacks allegedly conducted by a Chinese state-linked hacker group after the U.K. presented evidence last month about ...
Executives On The Move at AIG, Holborn Corp. and the Global Insurance Accelerator
AIG picked a new head of communications for its Investments organization. Holborn Corporation hired a veteran Gen Re executive. The Global Insurance Accelerator brought on a new executive who will ...
Allstate Buys iCracked, an On-Demand Repair Service for Smartphones and Tablets
The Allstate Corp. has acquired iCracked, a provider of on-site, on-demand repair services for smartphones and tablets in North America. Financial terms were not disclosed. Allstate said it plans to ...