Growth Initiatives
Report: AIG in Talks to Buy Israel’s Clal Insurance
Clal Insurance Enterprise Holdings Ltd. gained the most this month after a report that American International Group Inc. is in talks to buy the Israeli insurer. Bonds of parent IDB Development Corp. ...Enstar, Stone Point to Acquire Torus Insurance Holdings for $692M
Bermuda-based Enstar Group Ltd., a firm that typically acquires and manages insurance and reinsurance companies in run-off and portfolios of insurance and reinsurance business in run-off, has agreed ...
Progressive, USAA Enter License Agreement for Usage-Based Insurance
Progressive Insurance announced Friday that it is entering into a licensing agreement with United Services Automobile Association for intellectual property related to usage-based car insurance ...
More Firms Buying Offices in Foreign Countries Rather Than Renting
After decades of renting being the norm, companies with offices in the world's major cities are seeing more financial sense in buying their own buildings, prompted by a mix of cheap debt, stockpiled ...
Analysts: Travelers/Dominion Deal Makes Sense, More U.S.-Canadian M&A May Follow
The Travelers Companies' decision to acquire Dominion of Canada General Insurance, a unit of E-L Financial Corp., for $1.1 billion makes strategic sense, according to analysts. The acquisition now ...
Brokers Balk As Big Banks Push Cross-Selling Insurance, Loans to Wealthy
Scrambling to plug revenue holes created by crackdowns on credit card fees and falling brokerage commissions, big U.S. banks are pushing a strategy they've tried with limited success in the past - ...
P/C Insurer Advertising: ‘Mayhem’ Outspends ‘Good Neighbor’
Allstate's "Mayhem" trumped State Farm Mutual's the "Good Neighbor" in advertising dollars in 2012. According to an analysis by SNL Financial, Allstate's ad spend increased 14.8 percent year over ...
U.S. CEOs See More Hiring, Improved Sales in Next 6 Months: Survey
U.S. chief executives expect to hire more workers in the next six months and that sales will improve modestly, a tepid if slightly optimistic reading of the U.S. economy, a Business Roundtable survey ...