U.S.
Carriers Will Increasingly Target InsurTechs for Investment, Acquisition in 2019: Deloitte
Carriers will increasingly seek InsurTech startups as investment and eventual M&A targets in 2019, according to Deloitte's predictions outlined in a new report. "Insurance companies' appetite for ...
High Cat Losses Helped Spike U.S. P/C Rating Downgrades in 2018: A.M. Best
U.S. property/casualty rating downgrades more than doubled in 2018 compared to the previous year, a result stemming from factors including catastrophic weather losses and challenging pricing ...
ChainThat Will Debut Blockchain-Driven Risk and Capital Exchange in Bermuda
A blockchain-driven risk and capital exchange for the insurance and reinsurance market is set to be launched in Bermuda later this year by ChainThat. The exchange will allow broker, reinsurance and ...
Aon Reportedly Subpoenaed in N.Y. Over Trump Organization Dealings
New York State's financial regulator has subpoenaed the insurance broker for President Donald Trump's family business, a person familiar with the matter said on Tuesday, after former Trump lawyer ...
Lyft Reveals Impressive Array of Risk Factors in IPO Filing
The risk-factors section of an IPO prospectus is a bit like a transcript of a chief financial officer's worst nightmares. For Lyft Inc., which filed publicly for an initial public offering Friday, ...
Pie Insurance, Armed With $45M Financing, Plans Further Expansion for Online Workers Comp Biz
Pie Insurance is eyeing an expanded geographic reach and new distribution avenues for its online workers compensation insurance, fueled by a newly closed $45 million venture financing. A number of ...
Tokio Marine HCC President Burke to Retire; Schell Will Replace Him
Tokio Marine HCC has announced a changing of the guard involving a key executive. The specialty insurance group said that its president, William Burke, is retiring on April 1, 2019. Michael Schell, ...
U.S. Carriers Pursue Renewal of Federal Terrorism Risk Insurance Program
U.S. insurers are pushing for the extension of a federal terrorism risk insurance program, hoping to fend off a possible gap that would leave their clients scrambling for alternate coverage. The ...