Investors Shunning Once-Hot Cybersecurity Startups February 24, 2016 By Heather Somerville and Jim Finkle The U.S. cyber security industry, once one of the hottest targets for venture capitalists, is now grappling with a funding...
UK’s MGAA Elects New Board Members Birrell and Manchester February 24, 2016 The London-based Managing General Agents’ Association (MGAA) announced the election of new board members Mark Birrell, chief executive of Castel...
Health Insurance Startup Oscar Narrows Hospital Networks to Compete February 24, 2016 By Zachary Tracer Oscar Health Insurance Corp. CEO Mario Schlosser has found the strategy he says will build his startup into a million-customer...
Delta Lloyd Cuts Size of Rights Offer to $715 Million to Placate Investors February 24, 2016 By David de Jong Delta Lloyd NV surged as much as 12 percent in Amsterdam trading after the Dutch insurer bowed to investor pressure...
Berkley FinSecure Partners with Law Firm to Offer EPL Risk Management Tools February 24, 2016 Berkley FinSecure, a W. R. Berkley Company, has partnered with Jackson Lewis P.C. to offer employment practices risk management assistance...
Mars Recalls Chocolate Bars Made in Dutch Factory; Plastic Found in Snickers Bar February 24, 2016 By Maria Sheahan and Martinne Geller Mars Inc. has recalled chocolate bars and other products in 55 countries, mainly in Europe, due to choking risk after...
Allianz Puts South Korean Life Insurance Unit on Block: Sources February 24, 2016 By Denny Thomas Europe’s largest insurer Allianz has put its South Korean life insurance business on the block as part of a global...
Update: Zurich Insurance Weighs Sale of Hong Kong & Singapore Units February 24, 2016 By Denny Thomas and Pamela Barbaglia Zurich Insurance is exploring a sale of its Hong Kong and Singapore operations as it reviews its non-core businesses outside...
Tennessee Reports Fire Death Rate Reached New Low In 2015 February 24, 2016 The Tennessee State Fire Marshal (SFMO) reports that for the second consecutive year, Tennessee fire deaths decreased to a new...
A.M. Best Upgrades Issuer Credit Rating of Florida-Based Seven Seas Insurance Co. February 24, 2016 A.M. Best has upgraded the issuer credit rating (ICR) to “a+” from “a” and affirmed the financial strength rating (FSR)...