News
Insurance
Climate change, technology and geopolitical instability are the three biggest risks in the next five to 10 years, according to a report compiled by French insurer AXA. 16 October 2019
Insurance
Hurricane Dorian and Typhoon Faxai combined to push Everest Re Group to an estimated pre-tax catastrophe loss of $280 million. 16 October 2019
Insurance
The first guide for the insurance industry to protect the world’s priceless and irreplaceable assets was launched yesterday at a major event by UN Environment’s Finance Initiative (UNEP FI) in São Paulo, Brazil, convening leading insurers, investors and banks. 16 October 2019
Insurance
Verifly, the first and only platform to offer short-term liability coverage for small businesses and independent workers, has expanded and rebranded to become Thimble, supported by $22 million in Series A funding. 16 October 2019
Insurance
Quantemplate, a provider of self-service, cloud-based automated data solutions for the re/insurance industry, has closed on more than $12 million in a recent funding round led by Route Sixty-Six Ventures and Transamerica Ventures, with participation from Anthemis Group, Allianz X, and Insight Catastrophe Group. 16 October 2019
Insurance
Insurance agency The Hilb Group (THG) has acquired New Jersey-based LCIA, Inc. DBA Campisano Insurance Agency (LCIA). 16 October 2019
Insurance
The Penn Mutual Life Insurance Company (Penn Mutual) has appointed Teresa Fitzgerald as the new managing partner of Lakeshore Wealth Strategies, its Chicago agency. 16 October 2019
Insurance
The Life Insurance Settlement Association (LISA), the oldest and largest trade association representing members of the life settlement industry, rolled out an aggressive strategy for encouraging legislation that protects a consumer’s right to sell a life insurance policy at its 25th Annual Fall Life Settlement & Compliance Conference this week. It also announced its new board of directors. 16 October 2019
Insurance
Cowbell Cyber, a start-up focused on artificial intelligence (AI)-powered cyber insurance for small to mid-sized enterprises, has appointed David Miles, co-founder and managing partner at ManchesterStory Group and Varun Badhwar, senior vice president of products, Prisma cloud, at Palo Alto Networks, to its board of directors. 16 October 2019
Insurance
Argo has reiterated its decision to conduct a review of governance and compensation matters, run by independent directors, in response to activist investor Voce’s latest criticism of the firm. 15 October 2019
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