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Axa Braces for Loss of Paschi Contract as Italy Bank Deals Swirl Axa SA expects to lose its distribution partnership with Banca Monte dei Paschi di Siena SpA next year, potentially putting the insurer on the losing side of the deals wave washing across Italian finance. Axa’s management recently discussed the topic …
POSTED OCTOBER 16, 2026 1:00 PM |
IMF Chief: AI Risks May Exceed Opportunities Without Safeguards, Ethics Framework The risks of artificial intelligence may exceed its opportunities if no adequate safeguards and ethical framework are put in place, International Monetary Fund (IMF) chief Kristalina Georgieva said on Friday, backing a blend of industry self-regulation and input from key …
POSTED OCTOBER 16, 2026 12:35 PM |
AI Credit Worries Send Default Insurance to Record High The cost of insuring against tech defaults struck record highs on Thursday, as investors rushed to hedge against the risk of credit stress building in the AI trade, with heavily indebted data center operators like CoreWeave hit hardest. Hotter-than-expected US …
POSTED OCTOBER 16, 2026 12:02 PM |
People Moves: OneShield Appoints Brown as Chief Insurance Officer Insurance technology company OneShield, headquartered in Marlborough, Massachusetts, appointed Terry Brown as chief insurance officer. In this newly created role, Brown will shape the company’s AI-native capabilities and bring them to market. Brown brings decades of insurance experience across the …
POSTED OCTOBER 16, 2026 10:00 AM |
Cyber Rates Are Down, Risks Are Up but Small Businesses Slow to Adopt The commercial cyber insurance market is strong and growing, but small to midsize businesses may be falling behind as cybercriminals ramp up AI efforts. “Cyber threats are evolving faster than many businesses can adapt, creating significant financial and operational challenges,” …
POSTED OCTOBER 16, 2026 5:23 AM |
Broad AI Exclusions in Insurance Policies Could Create Uncertainty, Marsh CEO Says A broad-based AI exclusion in insurance policies could create “real confusion and uncertainty,” Marsh CEO John Doyle said, calling for a more nuanced approach to assessing risks as the technology becomes increasingly embedded in business operations. Analysts and experts say …
POSTED OCTOBER 16, 2026 5:08 AM |
Viewpoint: Model Independence Is the AI Strategy Insurers Can’t Afford to Ignore Right now, many enterprises are approaching AI adoption like a vendor selection exercise. Which model should we partner with? Which platform is smartest? Which large language model (LLM) has the features and are at a price point we’re looking for? …
POSTED OCTOBER 16, 2026 5:07 AM |
CCC Intelligent Solutions Agrees to $6.1B Take-Private Deal with GTCR, Elliott CCC Intelligent Solutions said on Thursday it agreed to be acquired by a consortium of private investment firms led by GTCR and including Elliott Investment Management in a $6.1 billion take-private deal. Shareholders of the Chicago-based company will receive $7.75 …
POSTED OCTOBER 16, 2026 5:05 AM |
All in the Family: Husband, Wife and Daughter Indicted for Insurance Fraud and Bribery Three members of a New Jersey family have been charged for their alleged roles in a homeowners’ insurance fraud scheme involving an Assurance Insurance Co. claims examiner that generated more than $100,000 in fraudulent payments. Attorney General Jennifer Davenport reported …
POSTED OCTOBER 16, 2026 5:00 AM |
Anthropic Stands Alone as Rest of IPO Market Slows to a Crawl A cocktail of risks is threatening to stall the US IPO pipeline, leaving Anthropic PBC’s potential blockbuster debut as one of the few offerings that investors can count on. Several deals have already come unglued, with smart-ring maker Oura Inc. …
POSTED OCTOBER 16, 2026 5:00 AM |
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