Assets & Investments
Experts Say InsurTech Faces ‘Leveling Out Period’ Amid Tighter Capital, Market Challenges
The InsurTech industry is facing what experts say is a "leveling out period" after investment in the space accelerated during the pandemic due to changes in the workplace and a greater focus on the ...
Tesla Cut From S&P 500 ESG Index, and Elon Musk Tweets His Fury
An S&P Dow Jones Indices executive told Reuters on Wednesday it has removed electric carmaker Tesla Inc. from the widely followed S&P 500 ESG Index because of issues including claims of ...
Buffett Talks About Big Investments, Ukraine Conflict at Berkshire Meeting
Warren Buffett on Saturday used the annual meeting of Berkshire Hathaway Inc. to reveal major new investments including a bigger stake in Activision Blizzard Inc., while also railing against Wall ...
NFTs: A Momentary Trend or More Below the Surface?
NFTs, or non-fungible tokens, have gained popularity primarily within the art world so far, but experts say it's just the beginning in terms of where the space could be headed. "The art world has ...
Investment Gains Float Weight of $5.6B Underwriting Loss for U.S. P/C Insurers in Nine Months 2021
An increase in capital gains on investments is largely credited with lifting the after-tax net income of private U.S. property/casualty insurers to $42.1 billion over nine months in 2021 compared to ...Root Insurance Gets $300M Loan From BlackRock
Days after it announced it had to lay off 330 employees due to worsening loss costs, auto insurer Root Insurance has finalized a $300 million term loan from BlackRock Financial Management. The ...
Activist Investment Firm Targets Safety Insurance; Wants Share Buyback, Directors
Activist investment firm Ides Capital Management has nominated two directors to the board of Safety Insurance Group and wants the company to buy back shares, cut costs and improve financial ...
Judge Asks Who’s to Blame If Employee ‘Goes Rogue’
As the five-week trial of a Credit Suisse Group AG life insurance unit began to wind down last Thursday afternoon, the presiding judge cut to the chase. Lawyers for Credit Suisse Life (Bermuda) Ltd. ...