Boardroom Agenda
Carrier M&A Activity Could Reach Record Levels in 2021: S&P
Carrier mergers and acquisitions could reach historic levels in 2021 based on early indications from a robust first quarter, according to a new Standard & Poor's report. U.S. and Bermuda-based ...
Next Insurance Reaches $881M in VC Cash After New $250M Funding Round
Next Insurance raised a whopping $250 million in new venture financing – a major cash infusion after a year of acquisitions and other actions to further growth. "This latest round of financing is a ...
Allstate Completes Exit From Life and Annuity Business With Sale to New York Life
The Allstate Corp. said it has agreed to sell its New York life insurance and annuity operation to Wilton Re for $220 million. The selling of Allstate Life Insurance Company of New York (ALNY), along ...
A Spurned Chubb Says Hartford Isn’t The Only Fish in the Sea
Global insurer Chubb Ltd. today issued a statement that it is "disappointed that The Hartford chose not to engage in discussions regarding a strategic business combination." However, the disappointed ...
Generali Increases Bid for Aviva’s Polish Arm
Italian insurer Generali has nudged up its bid for Aviva's Polish arm, valuing the business at almost 2.5 billion euros ($3 billion), in a last-ditch effort to prevail over Dutch insurer NN, two ...
Shareholder Class Action Complaint Filed Against InsurTech Root
With shares of Root Inc. trading at less than 50 percent of the late October 2020 IPO price of $27 per share, the InsurTech carrier has been named in a shareholders class action complaint, multiple ...
Why Chubb’s Bid for The Hartford Is a Personal Lines ‘Chess’ Move
While Chubb's $23.2 billion opening bid for The Hartford appears to be mostly a commercial lines play to many, one experienced industry observer has a different take on it. Chubb CEO Evan Greenberg ...
Chubb Bids for The Hartford’s ‘Crown Jewel’ and More
Five years ago, Evan Greenberg led ACE's nearly $30 billion acquisition of Chubb, morphing Chubb into its current status as a global property/casualty insurance giant he continues to guide as CEO. ...