HONG KONG – Stella Su, who lives and works in Shanghai, has used an ATM only once in the past year. Instead of cash, in recent years she has done almost all her business using the digital wallet Alipay — …
Automobile insurance startup Root Inc. sold shares in its initial public offering (IPO) on Tuesday at $27 apiece, above its target range, to raise $724.4 million, the company said. Root, which has $200 million in debt, sold 26.8 million shares …
Britain must spell out how far it wants to diverge from European Union rules if it wants access to the bloc’s financial market from January, a top European Commission official said on Tuesday. Britain has left the EU and access …
While the world wrestles with a deadly pandemic and how to confront climate change, there’s another, long-term global challenge that no one really knows how to deal with: population aging. As the human race transitions from a burgeoning, exploding species …
MS Amlin Underwriting Ltd. (MS AUL), the Lloyd’s re/insurer, announced the appointment of Johan Slabbert as chief executive officer. Slabbert will take up the role on Nov. 1, 2020, subject to regulatory approval. Slabbert succeeds Tom Clementi, who will step …
Although National Cybersecurity Awareness Month is coming to an end this week, cybersecurity remains an ongoing focus for insurers particularly as the COVID-19 pandemic has pushed many companies to transition to remote working. With this in mind, Insurance Journal is …
Risk Strategies, a privately held national insurance brokerage and risk management firm, has acquired LaRocca & Associates, Inc., a specialty brokerage with expertise in health and welfare benefits across several industries. Terms of the deal were undisclosed. Established in 1980, …
The Plexus Groupe has acquired D.H. Tank Insurance Agency located in the Chicago suburb of Naperville, Ill. Founded in 1968, the Tank Agency is an independent insurance agency specializing in commercial property/casualty and personal lines with an expertise in marine …
The chief executives of Twitter Inc., Facebook and Alphabet Inc. will tell U.S. lawmakers at a hearing on Wednesday that a federal law protecting internet companies is crucial to free expression on the internet, according to written testimonies from the …
The U.S. Environmental Protection Agency said on Tuesday it will allow farmers to spray crops with weed killers based on the chemical dicamba that are sold by Bayer AG and other companies, after a U.S. appeals court blocked sales in …
