Leadership & Strategy
AIG Reels in $3.7B From Expanded AerCap Public Offering
American International Group Inc., the largest commercial insurer in the U.S. and Canada, raised $3.7 billion in cash by selling AerCap Holdings NV stock in a larger- than-planned transaction. AIG ...
Insurers Now Able to Track Odometer Readings With Policyholders’ Smartphones
Property/casualty insurance information company Verisk Insurance Solutions is teaming with a technology firm to provide insurance companies with the ability to collect automobile odometer readings ...
EXOR Turns to SEC, Bermuda Lawsuit in Pursuit of PartnerRe
PartnerRe may be moving ahead on merger plans with AXIS Capital Holdings, but upstart bidder EXOR isn't going away quietly. The Italian investment firm disclosed that it is suing in a Bermuda court ...
The Hartford Seals Major League Baseball Sponsorship Deal
The Hartford sealed a multi-year sponsorship deal with Major League Baseball, becoming at least the second major carrier to do so in recent weeks. With the agreement in place, The Hartford is now an ...
Illinois Signs Connecticut Insurance Dept. Acting Commissioner to Top Regulator Job
Gov. Bruce Rauner says he will appoint the acting commissioner of the Connecticut Insurance Department to be director of the Illinois Department of Insurance. Rauner's office made the announcement on ...
PartnerRe’s Shareholders Will Vote July 24 on Proposed AXIS Capital Merger
PartnerRe set July 24 as the date that shareholders will vote on its proposed merger with AXIS Capital Holdings, months after both parties first announced their agreement. The milestone follows a ...
Willis Completes Majority Investment in London Broker Miller
Reinsurance broker Willis Group Holdings said it has completed its investment in Miller Insurance Services LLP that will enhance its wholesale insurance brokerage business and expertise in marine ...
China’s Buffett at Fosun Looks to Fund Acquisition Spree with Share Sales
A $1.2 billion share sale by Fosun International Ltd. this month was likely only the start of a love affair with equity deals, bankers say, as the Chinese conglomerate seeks to cut reliance on debt ...