9 Month Results Show U.S. P/C Insurance Pivot to Big Profit: A.M. Best December 3, 2018 The U.S. property/casualty insurance industry’s net underwriting income has so far swung from a massive loss in 2017 to substantial...
Ping An Insurance-Backed Financial Tech Firm Lufax Raises $1.3 Billion December 3, 2018 By Kane Wu Ping An-backed Lufax has raised $1.33 billion in its latest funding round from a dozen investors, at a valuation below...
ArgoGlobal Names Aspen’s Lucas as Chief Actuary, International December 3, 2018 Lloyd’s insurer ArgoGlobal has appointed Paul Lucas as chief actuary, international. Lucas brings 17 years of industry experience to ArgoGlobal....
Partner Perspective How AI is Changing Insurance Document Research Presented by Vertafore The information insurance professionals need is often already within their organization’s files. The challenge is finding the right details quickly...
University of Maryland Says 22 Confirmed Cases of Adenovirus December 3, 2018 More cases of a respiratory virus have been confirmed at the University of Maryland, College Park, where a freshman died...
Connecticut Crumbling Foundations Fund Receives Delayed $19M December 3, 2018 By Susan Haigh The new entity charged with overseeing the distribution of state funds to help Connecticut homeowners with crumbling foundations has finally...
Lockout of Gas Workers to be Focus of Massachusetts Legislative Hearing December 3, 2018 Massachusetts lawmakers are considering a bill that would require National Grid to provide health insurance to locked-out gas workers and...
Kentucky Pension Plan Case Raises New Worries for Asset Managers December 3, 2018 By Neil Weinberg KKR & Co., Blackstone Group LP and their founders must face a lawsuit alleging they failed to deliver hedge fund...
Marriott Starwood Data Breach Highlights Silent Cyber Risk in Acquisitions December 3, 2018 By Patrick Clark Marriott International’s $13.6 billion purchase of Starwood Hotel & Resorts was a bet that its popular loyalty program would bring...
Macquarie Pursues 3-Way Joint Venture in China Under New Rule December 3, 2018 Macquarie Group Ltd. is in advanced talks to create a majority-owned securities joint-venture firm in China, according to people familiar...
Actuaries Face Uncertainty Amid Encroachment by Data Scientists December 3, 2018 By Michael Sasso Riley Howsden has one of those hip jobs everyone loves to hate. He works at L.A.-based video game producer Riot...