Mark Hollmer

/Mark Hollmer

About Mark Hollmer

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So far Mark Hollmer has created 13 blog entries.
24 09, 2020

Next Insurance Attracts $250M in New Financing; Its $631M to Date Beats Lemonade

By | September 24th, 2020|Uncategorized|Comments Off on Next Insurance Attracts $250M in New Financing; Its $631M to Date Beats Lemonade

Next Insurance secured another $250 million in financing designed to fuel continued national expansion of its digital small business insurance offerings. CapitalG, Alphabet/Google’s independent growth fund, led the Series D round. But existing investor Munich Re Group also participated in …

18 09, 2020

InsureTech Connect Delays Virtual Conference Until October for Networking Signups

By | September 18th, 2020|Uncategorized|Comments Off on InsureTech Connect Delays Virtual Conference Until October for Networking Signups

Four days before it was scheduled to go live, organizers of the popular annual insurance and technology conference, InsureTech Connect, announced they are postponing the now virtual 2020 conference by one month, ITC will now run from Oct. 19- Oct. …

21 08, 2020

Lemonade Cites Progress Despite Loss in Its First Public Earnings Report

By | August 21st, 2020|Uncategorized|Comments Off on Lemonade Cites Progress Despite Loss in Its First Public Earnings Report

Lemonade, an insurtech selling home, renters and now pet insurance, lost money in its 2020 second quarter, according to its first earnings disclosure as a public company. That’s not a surprise, as the strategy for the startup insurer that was …

6 08, 2020

AIG’s Zaffino Sees COVID-19 Creating Beneficial ‘Flight to Quality’

By | August 6th, 2020|Uncategorized|Comments Off on AIG’s Zaffino Sees COVID-19 Creating Beneficial ‘Flight to Quality’

AIG President and Chief Operating Officer Peter Zaffino said that the insurer has seen accelerated rate improvements and other gains as clients react to the ongoing COVID-19 pandemic. “We believe that COVID has resulted in a flight to quality and …

21 05, 2020

Cyber Seller Coalition Counters Insurtech Funding Dip, Raises $90 Million for Expansion

By | May 21st, 2020|Uncategorized|Comments Off on Cyber Seller Coalition Counters Insurtech Funding Dip, Raises $90 Million for Expansion

Coalition, an insurtech managing general agency focused on cyber insurance and security, disclosed it raised $90 million in new venture financing earlier this year to fuel development of new products and a global expansion. “We are in the fortunate position …

14 02, 2020

AIG Maps Out Major Investment in Technology, Core Processes

By | February 14th, 2020|Uncategorized|Comments Off on AIG Maps Out Major Investment in Technology, Core Processes

American International Group said it will invest $1.3 billion over the next three years in its massive AIG 200 initiative, which is designed to revamp and improve core processes, technology infrastructure and services. The company has broken down the effort …

8 11, 2019

Investors React Positively to Argo CEO’s Exit, Despite Q3 Net Loss

By | November 8th, 2019|Uncategorized|Comments Off on Investors React Positively to Argo CEO’s Exit, Despite Q3 Net Loss

The day after Argo Group International Holdings announced CEO Mark Watson III was retiring “immediately,” investors seemed ecstatic, driving the company’s stock price up 5.6 percent on Nov. 6. Watson’s departure as CEO is a good thing for the bigger …

20 07, 2016

AIG Unleashes New Primary Cyber Policy for Property/Liability Exposures

By | July 20th, 2016|Recent Articles|Comments Off on AIG Unleashes New Primary Cyber Policy for Property/Liability Exposures

AIG rolled out a new standalone cyber policy that provides primary insurance protection for a wide range of related risks. The insurance giant is marketing CyberEdge Plus as offering primary protection for property damage, bodily injury, business interruption, product liability …

23 06, 2016

‘Systemically Important’ Label Can Be Avoided: Fitch

By | June 23rd, 2016|Recent Articles|Comments Off on ‘Systemically Important’ Label Can Be Avoided: Fitch

Fitch Ratings said that newly established transparency about the designation process for globally systemically important insurers (G-SIIs) could help more to proactively stay off the list in the first place. The International Association of Insurance Supervisors, a global standard setting …

18 12, 2015

Scottsdale Insurance’s Miller Departs to Lead Parent Nationwide’s Venture Arm

By | December 18th, 2015|Recent Articles|Comments Off on Scottsdale Insurance’s Miller Departs to Lead Parent Nationwide’s Venture Arm

Michael Miller, the longtime president and chief operating officer of Scottsdale Insurance Co., has quietly moved onto a new executive role with corporate parent Nationwide where he’ll manage and spearhead strategic investments for the insurance giant. Miller is the new …