Growth Initiatives
AXA Strategic Ventures Invests in a French ‘Big Data’ Startup
AXA Strategic Ventures has made a $1 million investment in the French tech startup company Evercontact, a cloud service that extracts contact information in emails and shares and updates them ...
Willis Snatches Up Mexican Rival With Eye On Emerging Market Growth
Willis Group said it is acquiring a broker based in Mexico to boost its growth potential in a key emerging market. The global insurance and reinsurance broker said it is snatching up Carsa ...
ACE Absorbs Fireman’s Fund Business and Seeks High-End Canadian Clients
More than three months after ACE Group said it would snatch up Fireman's Fund's U.S. high-net-worth personal lines business from Allianz for $365 million, the deal is finally closed. ACE isn't ...
Zurich Canada Rolls Out Sophisticated Drone Coverage For Corporate Clients
Zurich's Canadian arm unveiled a new drone insurance package designed for corporate clients. It's designed to appeal to multiple industries that do business in the country and address coverage gaps ...
Executives On The Move at AIG, Willis, QBE and More
AIG, Willis, QBE and Westfield Insurance all recently made some executive promotions and appointments. *** American International Group appointed veteran Mercer executive Gaurav Garg as CEO, Personal ...
ACE Unveils Enhanced Clinical Trial Coverage for U.K.-Based Life Sciences Companies
ACE Group is unveiling expanded clinical trials liability coverage for U.K.-based life sciences companies, a product designed to cover their studies conducted around world. The new enhanced clinical ...
ACE, BlackRock Want Up to $1.3B For New Bermuda Reinsurance Venture
BlackRock Inc., the world's largest money manager, and Evan Greenberg's ACE Ltd. are forming a reinsurance venture that is seeking to raise $800 million to $1.3 billion. The business is named ABR ...
China’s Ping An Insurance Reports 40 Percent Profit Gain in 2014
Ping An Insurance (Group) Co., China's second-biggest insurer, said profit rose 39.5 percent last year as stock-market rallies bolstered its investment returns and it accelerated overseas property ...