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Today's Headlines July 15, 2021

AIG Will Use IPO, Sale to Blackstone, to Unload Pieces of Life/Retirement Biz

American International Group Inc plans to use an IPO to sell part of its life and retirement business, while Blackstone Group Inc agreed to buy a sizeable stake, according to a person familiar with the matter. read more
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Cape Analytics Pulls in $44M in New Financing From Multiple Investors

CAPE Analytics has attracted $44 million in new financing, and the provider of property data plans to use the funds for expansion, accelerated product development, and hiring of more machine learning, data science, and risk experts. read more
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 Brand Spotlight 
Full Speed Ahead: The Shape of Vehicle Risk in a Driverless World

With road testing of driverless vehicles now underway across North America, and more pilots on the horizon, it's no wonder property and casualty insurers and industry experts are increasingly discussing the changing risk landscape. After beginning this blog series with an overview of what constitutes ...read more
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Travelers Makes 'Strategic Minority Investment' in Fidelis Insurance Holdings

The Travelers Companies said it has made a "strategic minority investment" in Fidelis Insurance Holdings, a privately-owned global specialty insurer and reinsurer. Neither side disclosed financial terms. read more
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Liberty Mutual's Financial Strength Ratings Won't Be Harmed by State Auto Acquisition: Fitch Ratings

Liberty Mutual Holding Company's planned $1 billion cash acquisition of State Auto Group should not affect its financial strength rating at all, Fitch Ratings said. read more
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Aviva Warns UK Government Safety Plan for High-Rise Buildings Could Push Away Investors

Aviva Plc, the UK insurer and asset manager, warned the government that new safety proposals for high-rise apartment blocks could steer institutional investors away from the residential property market. read more
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AXIS Re Promotes Three Executives in Bid to Beef Up Product Leadership Efforts

AXIS Re promoted three executives - two to newly-created positions – as part of an effort to strengthen product leadership within the company. read more
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Climate Change Financial 'Stress Tests' Need Better Data and Modeling: Global Oversight Body

Climate change financial 'stress tests' will need to be improved with better data and modeling, a new paper by a global oversight body has recommended, but potential losses at individual banks or insurers should not be publicly disclosed. read more
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More than 80% of Policyholders Want to Text Their Insurers

More than 80 percent of policyholders would prefer to communicate with their insurance company or agent via text, according to a new survey from communication platform Hi Marley. And the vast majority (84 percent) even said they would save an insurance company's text number into their contact lists. If given a choice, 71 percent of... read more
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Research and Webinars

Rob Galbraith shares strategies to 'pre-pay' for future innovation.

60% of CIOs say their organization's technical debt has risen over the past ...
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37% percent of U.S. consumers have been victims of identify fraud. Read full report.

Identity thieves are increasingly targeting non-financial accounts, including ...
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Carrier Compliance: Red Flag Rule and Undeliverable Mail

For insurance companies providing a policy update, the cost of a double-digit ...
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Industry Survey: Managing Distribution Onboarding in the Digital Era

Managing agent and agency onboarding is a business critical function for ...
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A 3-Step Guide to Insurance Transformation

The insurance industry faces significant disruption from multiple fronts, ...
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Media

New Twist on Catastrophe Response

InsurTech Newsletter


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