Growth Initiatives
Report: China’s Anbang Insurance Mulling a $2B IPO
Anbang Insurance Group Co., the Chinese insurer buying New York's Waldorf Astoria hotel, is planning an initial public offering that could raise about $2 billion, people with knowledge of the matter ...
Global Insurers Bidding for Turkey’s Halkbank Insurance/Pension Arms
Insurers from Europe, Asia and the United States are among some 20 potential bidders in the sale by Turkey's state-run Halkbank of its pension and insurance arms, three sources close to the process ...
Allied World Makes Buy in Bid to Boost Its Specialty Coverage
Allied World Assurance Company Holdings is making an acquisition designed to boost its specialty coverage business involving trade credit and political risk. The Swiss property/casualty and specialty ...
James River IPO Could Raise Up to $288 Million
James River Group Holdings Ltd, a Bermuda-based insurance holding company, filed for an initial public offering of common shares that would raise up to $288 million. Hedge fund D.E. Shaw & Co ...
In Brazil, Mapfre to Market Insurance on Gift Cards at Retail Stores
Mapfre SA plans to use gift cards sold at retail stores, gas stations, newsstands and vending machines as a way to entice Brazilians to buy insurance. Spain's largest insurer, which sells auto, ...
Endurance Built Up Its Underwriting In a Mixed 3rd Quarter
Endurance Specialty Holdings Ltd. reported a mixed 2014 third quarter stemming from big investments in underwriting and also some remnants from its failed push to snatch up Bermuda reinsurance rival ...
Britain’s Legal & General Group: Corporate Bulk Annuities Soar in 2014
Legal & General Group Plc's shares gained in London trading after the insurer said 2014 will be a record year for its corporate bulk annuities business, mitigating a 61 percent slump in sales to ...
Allied World Eyes Medical Facility Coverage Opportunities in the U.S.
Switzerland's Allied World Assurance Company Holdings sees insurance opportunity in the U.S. for broad medical facility coverage, and is launching a new product grouping to capitalize on the ...