Boardroom Agenda
Progressive Will Grab Transportation Insurer Protective for $338M
The Progressive Corp. will acquire Indiana-based trucking industry insurer Protective Insurance Corp. for $338 million in cash - a move that will increase its stake in the commercial lines insurance ...
AIG’s Zaffino Will Succeed Duperreault as CEO on March 1
American International Group (AIG) has officially named Peter Zaffino as chief executive officer, succeeding Brian Duperreault, AIG's current CEO, who will become executive chairman of the board. ...
Hippo Reportedly Pursuing Going Public Through SPAC Reverse Merger
Hippo, an insurance technology startup, is in talks to go public through a merger with a special purpose acquisition company, according to people with knowledge of the matter. The transaction with ...
Willis Towers Watson Will Pay Four Execs $2.1M to Stay Until Aon Merger
Willis Towers Watson has approved retention agreements worth $2.1 million for four executives as an incentive for their continued employment until the closing of the broker's merger with Aon, ...
Bermuda-Based Specialty Insurer Mosaic Debuts; Company Includes Lloyd’s Syndicate
Mosaic, a Bermuda-based global specialty insurer, has launched operations in Bermuda, London, the United States and Asia, along with a newly formed Lloyd's syndicate. Operating with initial ...
Investor Wants Finland’s Sampo to Focus on Insurance, Sell Nordea Stake
Finnish financial group Sampo should sell its 4.3 billion euro ($5.2 billion) holding in lender Nordea this year and focus on its insurance operations, Elliott Advisors said on Tuesday. The activist ...
AIG Pays $12 Million to Resolve NY Pension Transfer Probe
American International Group Inc. agreed on Monday to pay a $12 million civil fine to settle charges that it conducted life insurance business in New York without a license. The settlement is the ...
Metromile Attracts $50M Investment From Uber Vet as Reverse Merger Plans Finalize
Metromile has attracted $50 million in new investment from a former Uber executive even as it has obtained regulatory approval to formalize a reverse merger deal that will make it a publicly-traded ...