Content from Andrew Simpson
Cincinnati Financial Will Pay $134M for London Specialty Underwriter Owned by Munich Re
Cincinnati Financial Corp. has agreed to acquire MSP Underwriting Limited, a London-based global specialty underwriter and Munich Re subsidiary, in a bid to diversify its earnings and expand its ...
Act 2 of the InsurTech Revolution Is on Its Way
The digital revolution in insurance is about to begin its second act. Having in its first phase used science and technology to inspire a rethinking of insurance that is making insurance easier and ...
Lending Tree Forks Over $370M for QuoteWizard, an Online Insurance Comparison Marketplace
Online financial services marketplace LendingTree Inc. said it has agreed to acquire QuoteWizard.com, one of the largest online insurance comparison marketplaces. Since its founding in 2006, ...
Marsh & McLennan CEO Sensed an Opening and Acted Fast to Buy JLT
Marsh & McLennan Inc. (MMC) has been preparing for a major acquisition and admiring its competitor Jardine Lloyd Thompson (JLT) for years. So right after the CEOs of the two firms met on Sept. 7 ...
China’s Ping An Insurance Is Suing U.S. Broker Over Use of Its Name
China's giant Ping An Insurance Group is suing a California-based wholesale brokerage over its use of the name Ping An. The Chinese financial services firm is demanding that Ping An Insurance Center ...
Treasury Dept. Proposals Clear Up Trump Tax Cut Confusion For Brokers, Agents
The Treasury Department has moved to clear up some confusion in the Trump tax cut law by proposing that the full 20 percent deduction for pass-through businesses be made available to a broad spectrum ...
$500M Cat Bond Set to Expand FEMA’s Flood Reinsurance Plan
The Federal Emergency Management Agency (FEMA) has secured a reinsurance placement for the National Flood Insurance Program (NFIP) that for the first time is directly backed by capital markets ...
National Flood Insurance Program Wins Yet Another Short-Term Extension
Congress avoided a lapse in the federal flood insurance program when the Senate voted 86-12 on July 31 to extend authorization for the program by four months to Nov. 30. The National Flood Insurance ...