Articles by Mark Hollmer

Why Lloyd’s Chose Brussels for Post-Brexit Outpost: CEO Beale

Lloyd’s of London remains on schedule to have its post-Brexit outpost ready for business beginning in January 2019, CEO Inga Beale confirmed at a recent meeting of U.S. regulators in Washington, D.C. “We’re just working through the final regulatory aspects …

MGA Boost Provides Insurtechs with Insurer Access, Backend Operations

Boost Insurance has nailed down a dedicated reinsurance facility to help support its B2B insurtech development platform. Nephila is leading the facility with participation from Markel Digital, the insurtech group within Markel Corp., and RenaissanceRe Holdings, Ltd. New York-based Boost …

Lloyd’s CEO Beale Urges Regulators to ‘Keep Up’ with Insurers’ Technology

As insurers try to innovate and address the rapidly changing needs of their clients, Lloyd’s of London CEO Inga Beale has a message for regulators who oversee them: “Try and keep up.” Beale, speaking May 14 during a panel discussion …

Chubb CEO Greenberg Is Patient Over M&A But Not With London Market ‘Drunks’

Don’t expect Chubb to pursue an acquisition anytime soon. Chairman and CEO Evan Greenberg repeatedly downplayed the possibility of one in what he referred to as an “overpriced” market. “The prices paid for recent transactions may make sense to others, …

Chubb Invests in Startup Bunker to Develop Gig Worker Insurance

Bunker and Chubb are working together to develop new insurance products focused on freelance workers. Chubb has also become a minority investor in Bunker, committing at least $2 million to the startup digital broker and its focus on the small …

Share Your Story: Sexual Harassment and the Insurance Workplace

From Hollywood to the corporate world, sexual harassment — the making of unwanted sexual advances or obscene remarks — is drawing greater public scrutiny than ever before. Victims (mostly women) and their supporters have taken on the cause, publicizing the …

Aspen Looks to Rebound from ‘Considerable Poor Performance’ by Insurance Unit

Aspen Insurance Holdings lost nearly $185 million in the 2017 fourth quarter, or $3.25 per diluted share. The struggling Bermuda-based insurer and reinsurer also saw its consolidated combined ratio hit 152.6. While California wildfire catastrophe costs contributed greatly to Aspen’s …

Share Your Story: Sexual Harassment and the Insurance Workplace

From Hollywood to the corporate world, sexual harassment — the making of unwanted sexual advances or obscene remarks — is drawing greater public scrutiny than ever before. Victims (mostly women) and their supporters have taken on the cause, publicizing the …

Insurtech Slice Wants to Rent Its On-Demand Platform to Others to Launch Products

Slice Labs, the developer of on-demand, pay-per-use insurance for homeshare companies and others, has started offering use of the platform it created to outside insurers and startups seeking to launch new products. Slice co-founder and CEO Tim Attia told Carrier …

With $25 Million in New Funding, Home Insurtech Hippo to Expand

Insurtech Hippo has nailed down $25 million in new Series B funding, a cash infusion the provider of super-quick homeowners insurance will use to fuel a hiring and geographical expansion. Comcast Ventures and Fifth Wall led the round, along with …