Chubb CEO Evan Greenberg said the insurer is seeing favorable returns, but additional rate is needed to “keep pace with loss costs, which are hardly benign.” Greenberg said during the July 27 call to discuss second-quarter earnings that Chubb has …
In what Corvus said is a first for a U.S.-based insurtech, the managing general agent has opened an office in continental Europe. This Boston-based company’s new office will be in Frankfurt, Germany. “Frankfurt is located within the largest insurance market …
Openly Starts Openly Insurance Company, a Licensed Homeowners Insurance Carrier Openly announced the launch of the Openly Insurance Company, a homeowners insurance carrier licensed in 17 states. Openly had formerly operating solely as a MGA. The announcement was made only …
As temperatures soar to unprecedented levels from Europe to Asia this summer, some Japanese insurance companies have begun selling policies to protect people struck down by the heatwave. Sompo Holdings Inc. and Sumitomo Life Insurance Co., two of the country’s …
Non-profit OS Climate on Wednesday launched the first in a series of free tools to drive climate-friendly decision making by companies, financial institutions and governments. As a project of the Linux Foundation, a non-profit technology consortium founded in 2000 that …
A Brooklyn, New York-based managing general agency for the trucking and transportation sector has closed an $11 million Series A funding round, bringing the company’s total funding to date to $15.5 million. The round for Koffie Insurance was led by …
Ascend Inks Payment Platform Agreement with Independent Agents of North Carolina Ascend, an insurance payments platform, has announced an agreement with Independent Insurance Agents of North Carolina to provide automated financing, collections and payables. Participating agents can have access to …
Global insurer Allianz is moving to substantially expand its business from customers in the global insurance program sector and serve the increasing demand from large and medium-size companies needing cross-border coverage. Its international corporate insurance carrier, Allianz Global Corporate & …
Mosaic Insurance is opening an office in Toronto, Ontario and has hired Ian Fraser to spearhead the company’s expansion into the Canadian specialty insurance market. Fraser joins as president of Mosaic Insurance Services Canada Inc., responsible for operational strategy and …
Probitas 1492, the Lloyd’s insurer, has started underwriting cyber insurance with Richard Taylor, head of Cyber & Technology, focusing the book of business on complex small-and-medium-sized enterprises (SME), up to large single risks. “We have spent the past couple of …
