Strategy
Hippo Attracts $350M Investment From Mitsui Sumitomo; Reinsurance Treaty Also Planned
Hippo Enterprises, an MGA InsurTech focused on homeowners insurance, secured a $350 million capital investment designed to help fuel further growth. A related reinsurance agreement is also part of ...
Metromile to Become Public Company and Expand Nationally
Metromile Inc., an InsurTech focused on pay-per-mile auto insurance, has hit the public markets in a reverse merger deal with Insu Acquisition Corp. II (Insu II), a special purpose acquisition ...
Allstate Only Hires Banks for Bond Sale Owned by Minorities, Women or Veterans
Allstate Corp. hired solely banks owned by minorities, women or veterans for its bond sale, in the biggest corporate deal yet managed only by diverse firms. The insurer enlisted Loop Capital Markets, ...
Aon Nails Down $70M in Alternative Capital Capacity to Transfer Systemic Cyber Risk
Insurance broker Aon plc has launched a new product with Hudson Structured Capital Management Ltd. to protect insurers and reinsurers against systemic and catastrophic cyber events. Aon and HSCM (an ...
U.S. Insurance Execs Insist They Are Working to Fix Diversity Shortcomings
When Jerald Tillman and Mike James started their careers more than 20 years ago, working in the U.S. insurance industry was not on their radar, but programs to attract Blacks and other minorities ...
Introducing Skyward Specialty (Formerly Known as HIIG)
Houston International Insurance Group's new CEO Andrew Robinson has taking a big step: Changing the company's name. Going forward, HIIG is now Skyward Specialty Insurance Group, or Skyward Specialty ...
Flex Work Drives 20% More Women Applying For Senior Roles: Zurich
Employers that embrace flexible working after the COVID-19 pandemic could boost applications from women for top jobs by as much as 20 percent, according to a study by Zurich Insurance. Between March ...
Buffett’s Berkshire Hathaway Bets on Big Pharma
Warren Buffett's Berkshire Hathaway Inc said on Monday it has begun investing in the stocks of four large drugmakers, betting on an industry that could benefit when the world begins emerging from the ...