Boardroom Agenda
USAA Dives Into Small Business Insurance Market
USAA will start writing its own small business insurance policies for the first time. Initial coverage in the space will be available immediately in five states – Arizona, Colorado, Illinois, South ...
Specialty E&S Insurer Upland Capital Makes Its Debut
Upland Capital Group has become the latest specialty insurance business in the marketplace. The Dallas-based operation plans to offer a diversified portfolio of excess and surplus lines casualty, ...
Hallmark Financial Explores Splitting Off Specialty Commercial
Hallmark Financial Services, a specialty property/casualty company, announced Thursday that it is exploring the separation of its specialty commercial business to unlock its value and improve access ...
AXA Explores Sale of Singapore Unit; Transaction Could Raise $700M
HSBC Holdings Plc and Malayan Banking Bhd.'s insurance venture are among shortlisted bidders for AXA SA's business in Singapore, which could raise about $700 million in a sale, according to people ...
Lemonade Plans to Sell 3 Million Shares in Secondary Offering
Digital insurer Lemonade has announced plans to sell 3 million shares of common stock to raise money for "general corporate purposes." The New York-based InsurTech could raise as much as $808 ...
W.R. Berkley Corp. Sells NYC Office Complex for $105M Pre-Tax Net Gain
W.R. Berkley Corp. sold off one of its real estate investments – a New York City office complex – at the end of 2020. The sale generated a $105 million pre-tax net gain, according to the ...
W.R. Berkley Forms Bermuda-Based Special Purpose Reinsurer
W.R. Berkley Corp. announced the formation of Lifson Re Ltd., a special purpose reinsurer registered in Bermuda and licensed by the Bermuda Monetary Authority. Lifson Re has been capitalized with ...
Aon Buys Stake in India-Based Broker
Insurer broker Aon has acquired a 49 percent equity stake in Anviti Insurance Brokers Pvt. Ltd, a fast-growing, composite broking firm in India. Anviti will transition to the Aon brand pending ...