The U.S. cyber security industry, once one of the hottest targets for venture capitalists, is now grappling with a funding slump that has forced some startups to sell themselves or cut spending. Amid widespread concerns about cyber attacks and data …
The London-based Managing General Agents’ Association (MGAA) announced the election of new board members Mark Birrell, chief executive of Castel Underwriting, and Charles Manchester, chief executive of Manchester Underwriting Management. They join directors Catherine Bell, chairman of inet3, Charles Earle, …
Oscar Health Insurance Corp. CEO Mario Schlosser has found the strategy he says will build his startup into a million-customer player in the health insurance industry: use tight, exclusive networks with hospitals to sell competitively priced insurance in perhaps 30 …
Delta Lloyd NV surged as much as 12 percent in Amsterdam trading after the Dutch insurer bowed to investor pressure and cut the size of a rights offer to 650 million euros ($715 million). “Following months of analysis, today’s announcement …
Berkley FinSecure, a W. R. Berkley Company, has partnered with Jackson Lewis P.C. to offer employment practices risk management assistance for their customers. Jackson Lewis, a nationwide employment practices law firm, will provide Berkley FinSecure’s customers with employment practices information …
Mars Inc. has recalled chocolate bars and other products in 55 countries, mainly in Europe, due to choking risk after a piece of plastic was found in a Snickers bar in Germany. All of the recalled products, which include Mars, …
Europe’s largest insurer Allianz has put its South Korean life insurance business on the block as part of a global overhaul in a tough low-interest rate environment, sources with direct knowledge of the matter said. The South Korean asset is …
Zurich Insurance is exploring a sale of its Hong Kong and Singapore operations as it reviews its non-core businesses outside Europe, sources familiar with the matter said. The Swiss insurer has discussed the plan with several investment banks but has …
The Tennessee State Fire Marshal (SFMO) reports that for the second consecutive year, Tennessee fire deaths decreased to a new state-record low while the number of lives saved by smoke alarms installed by the state’s fire departments continues to climb. …
A.M. Best has upgraded the issuer credit rating (ICR) to “a+” from “a” and affirmed the financial strength rating (FSR) of A (Excellent) of Seven Seas Insurance Company, Inc. (Riviera Beach, Fla). The outlook for the ICR has been revised …
