Brand Management & Sales
Blackstone, GIC Buy Stake in Goldman’s European Insurer
Blackstone Group LP and GIC Pte, Singapore's sovereign wealth fund, agreed to buy a majority stake in Goldman Sachs Group Inc.'s European insurance business. Blackstone, the world's biggest ...
Soros-Backed Insurer Essent Seeks $1.2 Billion Valuation in IPO
Essent Group Ltd., the mortgage insurer backed by George Soros and Goldman Sachs Group Inc., is seeking a valuation of $1.2 billion in an initial public offering as the company adds capital to expand ...
Usage-Based Products On Way to Being Standard Auto Insurance Offering
Technology is spurring innovation and altering risk scenarios throughout the economy including in auto insurance. While advanced auto safety features, the shared economy and driverless cars promise ...
N.Y. Fed Reserve Chief: Living Wills Not Enough to Fix Too Big to Fail
Reserve Bank of New York President William C. Dudley said that government plans to wind down large financial firms, while helping reduce the odds of a taxpayer bailout, don't eliminate the need for ...
In Policy Shift, Massachusetts Allows Producers to Charge Fees
Massachusetts regulators this month announced that producers for all lines of insurance may charge their clients fees in connection with the sale of insurance products. A statewide independent agent ...
Florida Enters Era of Workers’ Compensation Market Stability
Florida's workers' compensation system has reached a rare state of rate stability, according to insurers and officials. The National Council on Compensation Insurance (NCCI), filed for a one percent ...
Still Unprofitable Insurer NMI Holdings Seeks to File IPO
NMI Holdings Inc., the mortgage guarantor backed by Kyle Bass, Carlyle Group LP and BlueMountain Capital Management LLC, is seeking to be the first U.S. insurer since 2009 to file an initial public ...
BancInsure Back in Business with New Owner, Targeting Non-Financial Customers
Oklahoma City-based BancInsure, a former provider of insurance to community banks that lost surplus as a result of the financial crisis, has re-entered the marketplace with a new strategy focusing on ...