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Gradient AI Secures $56 Million in Series C Funding

IIR

Led by Centana Growth Partners, the funding will be used to enhance and extend Gradient AI’s range of product solutions and expand customer success and sales functions.

Posted: Jul 29, 2024

iPipeline Names Steve Cover CTO

IIR

Cover is tasked with spearheading digital innovation in life insurance and wealth management industries, enhancing value to clients and driving sustained product differentiation.

Posted: Jul 29, 2024

KYND Launches U.S. Cyber Risk Analysis for Insurers

IIR

The British solutions provider brings simple, actionable platform to U.S. for easier, more proactive cyber risk portfolio management and resilience.

Posted: Jul 29, 2024

Uber, Lyft, DoorDash Prevail in California Gig-Worker Ruling

Carrier Management

Uber, Lyft, DoorDash Prevail in California Gig-Worker Ruling Uber Tech...

Posted: Jul 29, 2024

Study Shows Saharan Dust Plumes Impact Hurricanes in the U.S.

Carrier Management

Study Shows Saharan Dust Plumes Impact Hurricanes in the U.S. Giant plumes of Sahara Desert dust...

Posted: Jul 29, 2024

People Moves: Gov. Moore Appoints Grant as Next Maryland Insurance Commissioner

Insurance Journal

Maryland Governor Wes Moore has named Marie Grant, an attorney with nearly 20 years of experience in insurance and health care policy and regulation, as his state’s next insurance commissioner. Grant currently serves as assistant secretary for...

Posted: Jul 29, 2024

Gov. Moore Appoints Grant as Next Maryland Insurance Commissioner

Insurance Journal

Maryland Governor Wes Moore has named Marie Grant, an attorney with nearly 20 years of experience in insurance and health care policy and regulation, as his state’s next insurance commissioner. Grant currently serves as assistant secretary for...

Posted: Jul 29, 2024

Retailers Leverage Gift Cards As Part of Claims Management Strategy: Study

Risk & Insurance

Gallagher Bassett study reveals how retailers are leveraging gift cards to streamline claims, preventing escalation and retain customers. The post

Posted: Jul 29, 2024

FTC Called on to Investigate Automakers’ Sale of Driving Data Used by Insurers

Carrier Management

FTC Called on to Investigate Automakers’ Sale of Driving Data Used by Insurers Two U.S. senat...

Posted: Jul 29, 2024

Cyber insurance losses from CrowdStrike outage to be driven by business interruption: Moody’s

Reinsurance News

Cyber insurance losses related to the CrowdStrike outage will be driven by business interruption, Moody’s has highlighted in a recent report, who also warned that determining final losses for the industry will be a lengthy process due to cyber ins...

Posted: Jul 29, 2024

Senators Call on FTC to Investigate Automakers’ Sale of Driving Data

Insurance Journal

Two U.S. senators are calling on the Federal Trade Commission to investigate automakers selling customers’ driving data to brokers who package it and then sell it to insurance companies. In a letter to FTC Chairwoman Linda Khan, Democrats Ron W...

Posted: Jul 29, 2024

SiriusPoint forms new strategic partnership with Hellenic Hull

Reinsurance News

SiriusPoint Ltd., a global insurer and reinsurer specialising in niche markets, and Hellenic Hull Management (HMA), a marine hull and machinery underwriter in Greece and Cyprus, have announced a strategic partnership. HMA has been influential in t...

Posted: Jul 29, 2024

Tyco, TIG Insurance Agree to Settle ‘Forever Chemicals’ Fire Foam Litigation

Insurance Journal

Three months after Tyco Fire Products agreed to pay $750 million to communities with groundwater affected by so-called “forever chemicals” found in fire-stopping foam, Tyco has reached a tentative settlement with one of its insurance comp...

Posted: Jul 29, 2024

Donegal Group posts 9.1% increase in NPW, CR sits at 103%

Reinsurance News

Donegal Group, the US primary holding company, has posted a 9.1% increase in net premiums written (NPW) in the second quarter of 2024, climbing to $247.2 million, compared to last year’s $226.5 million. According to the firm, the increase in...

Posted: Jul 29, 2024

Aspen appoints Christian Dunleavy as Group President and Mark Pickering as Group Chief Financial Off...

coverager

Aspen announced changes to its leadership, effective August 1, 2024.

Posted: Jul 29, 2024

Brown & Brown to acquire Quintes Holding B.V.

coverager

Quintes was founded in 2012 by Gijsbert van de Nieuwegiessen and is one of the largest independent insurance brokers in the Netherlands.

Posted: Jul 29, 2024

Zurich Australia partners with Tesla

coverager

Zurich has acted as Tesla’s preferred insurance provider in Switzerland since 2016.

Posted: Jul 29, 2024

Alphabet to invest $5 billion in Waymo

coverager

Alphabet CTO Ruth Porat announced the news during the company’s quarterly financial results call with investors last week.

Posted: Jul 29, 2024

BMS Group to acquire David Roberts & Partners

coverager

The transaction marks BMS’s largest acquisition to date.

Posted: Jul 29, 2024

The Zebra acquires Marble

coverager

The acquisition will allow The Zebra expand its consumer offerings.

Posted: Jul 29, 2024

Cowbell Secures $60M Series C Funding from Zurich

Carrier Management

Cowbell Secures $60M Series C Funding from Zurich Cowbell, a provider of...

Posted: Jul 29, 2024

Empowering Women in Medicine: Ronda McCarthy, Lisa Figueroa and Latha Brubaker on Leadership and Inn...

Risk & Insurance

Ronda McCarthy, Lisa M. Figueroa and Latha Brubaker share their experiences and insights into the field of occupational and environmental medicine, discussing the challenges and rewards of their work, and the importance of leadership in the field....

Posted: Jul 29, 2024

Continental Re reports strong 2023 results as underwriting profit rises 108%

Reinsurance News

Pan-African reinsurer Continental Reinsurance Plc has reported a net reinsurance service result, so underwriting profit, of NGN 9.14 billion (USD 5.6m) for 2023, a 108% increase from 2022’s NGN 4.4 billion (USD 2.7m). The firm’s reinsurance revenu...

Posted: Jul 29, 2024

California Wildfire Grows to 575 Square Miles, Destroying at Least 100 Structures

Insurance Journal

At least 100 structures have been destroyed and roughly 4,200 more are being threatened by the Park Fire, near Chico, California, which has burned 368,256 acres and now touches four counties. Containment on the Park Fire, which has 4,742 fighting &#8...

Posted: Jul 29, 2024

InsuranceDekho enters India’s reinsurance broking sector with composite licence

Reinsurance News

India-based insurtech InsuranceDekho has received a composite insurance broking licence from the Insurance Regulatory and Development Authority of India, allowing the firm to offer reinsurance broking in addition to its insurance broking services....

Posted: Jul 29, 2024

Resilience appoints Killian Brady as Chief Underwriting Officer

Reinsurance News

Resilience, a cyber risk company, has appointed Killian Brady as its new Chief Underwriting Officer, responsible for overseeing all underwriting activities for the company’s expanding portfolio that includes middle market and large enterpris...

Posted: Jul 29, 2024

Private Equity Firm Centerbridge Weighs Exit Options for £3 Billion Canopius at Lloyd’s

Insurance Journal

A consortium led by private equity firm Centerbridge Partners is exploring exit options including an initial public offering of Canopius Group in a deal that could value the Lloyd’s of London insurer at about £3 billion ($3.9 billion), accordin...

Posted: Jul 29, 2024

Brown & Brown Agrees to Buy Dutch Insurance Broker, Quintes Holding B.V.

Insurance Journal

Brown & Brown Inc. announced it has entered into an agreement to acquire Quintes Holding B.V., a Netherlands-based insurance group. Brown & Brown acquired Quintes from the private investment firm Aquiline Capital Partners (which purchased a m...

Posted: Jul 29, 2024

Brown & Brown to acquire Quintes from Aquiline Capital Partners

Reinsurance News

Brown & Brown, Inc. has entered into an agreement to acquire Quintes Holding B.V. (Quintes) from Aquiline Capital Partners, with the deal expected to finalise in the fourth quarter of 2024. Founded in 2012 by Gijsbert van de Nieuwegiessen, Qui...

Posted: Jul 29, 2024

California Commissioner Announces FAIR Plan Modernization Deal

Carrier Management

California Commissioner Announces FAIR Plan Modernization Deal California Insurance Commissioner Ri...

Posted: Jul 29, 2024

Allstate’s National General Sued by DOJ Over Alleged Force-Placed Insurance ‘Scheme’

Carrier Management

Allstate’s National General Sued by DOJ Over Alleged Force-Placed Insurance ‘Scheme’ Allst...

Posted: Jul 29, 2024