Private Equity Firm GTCR Returns to Take Majority Stake in AssuredPartners

Article 0 Comments Apax VIII, a fund advised by Apax Partners, has agreed to sell its entire stake in AssuredPartners, a growing U.S. insurance brokerage, to an investor group led by GTCR, a Chicago-based private equity firm. GTCR previously owned AssuredPartners from its inception in 2011 until its sale to […]

Insurtechs Neptune, Hippo Unite Home, Flood Insurance Online for Speedy Purchasing

Article 3 Comments Flood insurance company Neptune Flood has partnered with online Hippo Insurance to provide consumers with quick access to flood insurance as part of purchasing of home insurance. Hippo promises quick processing and modernized home insurance coverage at a savings. It takes only 60-seconds to get a quote […]

Insurtech Trov Now Selling in 7 Additional States and D.C.

Article 0 Comments Insurtech Trōv is now offering its on-demand online, single-item insurance products in seven additional states and the District of Columbia. Trōv has now expanded into Alabama, Arkansas, Georgia, Hawaii, Iowa, Michigan, Tennessee and Washington, D.C. The insurtech company had previously started doing business in the U.S. in […]

‘Sextortion’ Is Emerging Cyber Risk for Businesses, Warns Beazley

Article 0 Comments A new form of online bribery is emerging where cyber criminals attempt to extort cryptocurrency by claiming to have potentially embarrassing evidence of people using adult websites on work computers, according to a report issued by Beazley Breach Response (BBR) Services. So-called “sextortion” is adding to the […]

NASA Warns SpaceX, Boeing on Space Program Safety Concerns

Article 0 Comments NASA has warned SpaceX and Boeing Co. of design and safety concerns for their competing astronaut launch systems, according to industry sources and a new government report, threatening the U.S. bid to revive its human spaceflight program later this year. NASA is paying SpaceX $2.6 billion and […]

Insurers Shy Away from ETFs Even After Rule Change

Article 0 Comments Many insurance companies are steering clear of exchange-traded funds even after a high profile rule change designed to make them easier to own. Almost 40 percent of insurers aren’t using ETFs more than a year after the National Association of Insurance Commissioners rewrote its accounting rules in […]

One of Lawsuits by Kids Against Trump Climate Policies Dismissed

Article 1 Comments A federal judge has dismissed a lawsuit by two Pennsylvania boys and an environmental group seeking to stop U.S. President Donald Trump from rolling back regulations addressing climate change, saying the court does not have power to tell the White House what to do. Disagreeing with a […]

Johnson & Johnson Facing Justice, SEC Inquiries into Baby Powder Litigation

Article 0 Comments Johnson & Johnson said Wednesday it has received subpoenas from the U.S. Justice Department and the Securities and Exchange Commission (SEC) related to litigation involving alleged asbestos contamination in its signature Baby Powder product line. The company said it intends to “cooperate fully with these inquiries and […]

MGA Coalition Covers Firms with Cyber Exposure Under EU’s Data Privacy Law

Article 0 Comments Coalition, the San Francisco-based managing general agency that specializes in cyber insurance for small and mid-sized businesses, announced it is broadening coverage to include exposures to violations of the European Union’s General Data Protection Regulation (GDPR). Unlike other cyber insurance policies, Coalition said it is the first […]

Ironshore’s Shrubb Joins AXA XL’s Terrorism Insurance Team in U.S.

Article 0 Comments Morgan Shrubb has joined AXA XL Insurance as underwriting manager for War, Terrorism & Political Violence insurance. Shrubb joins AXA XL from Ironshore International where she served as a production specialist, charged with growing the company’s war, terrorism and political violence book of business on the West […]