Articles by Mark Hollmer

Zebra Online Insurance Agency Gets $40M from Investors and New CEO from Kayak

The Zebra, an online auto insurance comparison marketplace, plans to use $40 million in new venture funding to double down on brand building, product expansion and customer outreach. Company co-founder and Chief Operating Officer Joshua Dziabiak told Carrier Management via …

XL Group Picks Dublin for Post-Brexit EU Headquarters

XL Group is the latest property/casualty insurer to make plans to move its European insurance company headquarters from the United Kingdom in response to its vote to leave the European Union. The insurer and reinsurer (parent company of XL Catlin) …

Look on the Bright Side of Transition to Autonomous Driving

The advance of driverless cars and the prospect that they will disrupt property/casualty insurance and change the way autos are insured has created plenty of industry anxiety. Even before that point, however, cars with drivers will likely share the road …

AIG’s High Cost of Hiring Duperreault

American International Group’s decision to recruit Hamilton Insurance Group CEO Brian Duperreault as its next leader won’t come cheap. To begin with, AIG will pay Hamilton $20 million to release Duperreault from contract restrictions that would prevent or restrict him …

New CEO Duperreault Interested in Growing AIG, Not Splitting It

American International Group’s President and CEO Brian Duperreault began his first full day in his new job repudiating the idea of splitting the insurer into pieces and simply returning money back to shareholders. “I recognize the value of the company’s …

Ironshore CEO Kelley: Goal Under Liberty Mutual Is to Become Premier Specialty P/C Insurer

Longtime Ironshore Inc. CEO Kevin Kelley said his company has a genuine shot at becoming a “premier” specialty property/casualty insurance company, both domestically and abroad, now that Liberty Mutual Insurance is its corporate parent. “I am dead serious,” Kelley said. …

Bunker, Startup Broker for Small Business, Contractor Insurance, Raises $6 Million

Bunker, a startup digital insurance broker focused on independent contractors and small businesses, has raised $6 million in Series A funding that will help fuel product development and expansion. Hiscox and American Family are among the backers. Omidyar Network, a …

The Hartford Open to Acquisitions That ‘Accelerate’ Growth Plans

The Hartford Chairman and CEO Christopher Swift said he remains interested in potential acquisitions – even large ones – less than a year after completing a noteworthy acquisition. However, plenty of conditions and criteria must be met before his company …

Generali Expands in U.S. with Chicago, San Francisco Offices and 3 Hires

Generali is expanding its U.S. global corporate and commercial operations with the opening of offices in Chicago and San Francisco in a bid to grab more business from U.S. multinational companies. The Italian insurer’s growth comes through its Generali Global …

AmTrust Denies Knowledge of FBI Accounting Probe; Touts New Financial Team

AmTrust Financial saw its stock price plunge nearly 19 percent Tuesday following a Wall Street Journal report alleging a 2014 FBI investigation of its accounting practices. The New York-based insurance company denied knowledge of any investigation and has tried to …