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| Today's Headlines | March 21, 2022 |
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Berkshire Hathaway announced it will acquire Alleghany Corporation for $11.6 billion. Berkshire will acquire all outstanding Alleghany shares for $848.02 per share in cash in a transaction that was unanimously approved by both boards of directors. Berkshire said the acquisition price represents a multiple of 1.26 times Alleghany's book value at Dec. 31, 2021, a... read more | | |
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| | | Advertisement | | |  | | | | Free Webinar featuring Michael DeGusta // April 6 | | | See how a flexible approach to insurance technology can help you grow your business in a time
where minor specialty lines (e.g., cyber, cannabis, flood) are re-emerging as major coverages. | | | | | | | | ClarionDoor |
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The way Ernie Feirer sees it, today's workforce requires a complete shift in management style. "When I think about managing people in this new paradigm, I can't really observe people like I used to," said Feirer, vice president and head of U.S. business for insurance data platform provider Planck. "I don't remember the last time... read more | | |
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Growth: If you just want it badly enough, it's practically done, right?! If you've spent any time at an insurance carrier, agency, or MGA/MGU, we don't have to tell you it's not that simple. You can want to grow your business – including expanding your ... read more | | |
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According to Fitch Ratings, the Russia-Ukraine war is more likely to affect the European insurance sector through second-order financial market volatility than through direct effects from sanctions. The rating agency released the statement about limited impact of sanctions on Russian entities or other measures restricting Russian business yesterday, highlighting instead, the volatility in global financial... read more | | |
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The glass tower in Paris where AXA SA, one of the world's largest insurers, has its temporary headquarters looks as if a giant feral cat has ripped chunks out of it. In recent months that jagged feeling extends inside, too, as senior executives prepared to claw off an extraordinarily profitable part of the company's $20... read more | | |
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Alnylam Pharmaceuticals Inc. on March 17 filed lawsuits in Delaware federal court against Pfizer Inc. and Moderna Inc., claiming their multibillion-dollar mRNA COVID-19 vaccines infringe on its patents. Alnylam said it was seeking damages over the use of lipid nanoparticle (LNP) technology used in the Pfizer/BioNTech and Moderna vaccines to carry and deliver genetic material... read more | | |
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A lawsuit filed on Friday accuses Google of systemic racial bias against Black employees, saying the search engine company steers them to lower-level jobs, pays them less and denies them opportunities to advance because of their race. According to a complaint seeking class-action status, Google maintains a "racially biased corporate culture" that favors white men,... read more | | |
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Swiss Re has appointed Ivan Gonzalez as CEO Reinsurance China and China country president effective July 1, 2022. He will relocate from New York to Beijing. Katie McGrath will succeed Gonzalez as regional CEO for Swiss Re Corporate Solutions in North America. She will be based in New York. Both appointments are subject to regulatory... read more | | |
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| | Michael DeGusta (who started his career at Apple.com and later co-founded the ... read more | |
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| | Today, there are four major forces that are putting pressure on the property ... read more | |
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| | Recent studies indicate that consumers are willing to switch insurance ... read more | |
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| | This must-read white paper illuminates the role technology plays in solving two ... read more | |
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| | A 2020 U.S. P&C insurance performance analysis performed by EY showed that ... read more | |
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