⁠Tractable, the London-based insurtech that uses artificial intelligence (AI) for visual claims assessments and disaster recovery, announced a $65M Series E investment led by SoftBank Vision Fund 2. Existing investors Insight Partners and Georgian participated in the round. Tractable said …

This edition of International People Moves details appointments at Munich Re Specialty Group and Berkshire Hathaway Specialty Insurance. A summary of these new hires follows here. Munich Re Specialty Group Names Richardson as CUO of Green Solutions Portfolio Munich Re …

An alternative investment vehicle controlled by French insurer AXA said on Tuesday it will inject $49 million into reforestation projects in Brazil led by local startup Mombak. AXA IM Alts, which has over 185 billion euros ($208 billion) under management, …

AXA XL Insurance Names CNA’s Smith as Head of US Mid-Market Business AXA XL Insurance appoints Adele Smith as head of Mid-Market Generalist in the next phase of its targeted U.S. Mid-Market insurance business launch. Based in New York, and …

Britain’s financial watchdog on Monday proposed toughening up safeguards against the illegal marketing of financial products on social media by applying a stringent “consumer duty” that is being rolled out to banks, funds and insurers on July 31. The Financial …

After returning to New York from Oslo in late May, Harley Hendrix noticed her suitcase containing a cherished Alexander McQueen dress had been diverted to Copenhagen. Also rotting in Denmark: packs of cheese that Hendrix had stuffed into the suitcase …

The worldwide impact of cybercrime on business is predicted to balloon to $10.5 trillion by 2025, but boardroom focus on cyber risk appears to be diminishing, according to a Beazley risk and reliance report. “The perceived threat of cyber risk …

Tesla Inc.’s directors will return $735 million to the company to settle claims they grossly overpaid themselves in one of the largest shareholder settlements of its kind, according to a Monday filing in a Delaware court. The settlement resolves a …

The heat wave engulfing the Mediterranean is set to intensify as another Saharan anticyclone threatens record temperatures from Italy to Greece. The new weather system — named Charon after the mythological ferryman who delivered souls to the underworld – could …

The future of a lawsuit accusing Memphis Grizzlies star Ja Morant of assaulting a teenager during a pickup basketball game hinges on whether Morant will be allowed to say that he was acting in self-defense and can receive immunity under …

Global insurance broker Hub International Limited announced that it has acquired the assets of Edbrooke/Stelcner and Associates, Inc. in Coral Gables, Florida. Edbrooke/Stelcner is an employee benefits brokerage and consulting firm specializing in the aviation, hospitality and healthcare industries, Edbrooke/Stelcner …

Heavy rains pounded an already saturated Northeast on Sunday for the second time in a week, spurring another round of flash flooding, cancelled airline flights and power outages. In Pennsylvania, a sudden flash flood late Saturday afternoon claimed at least …