Strategy
Play Ball! Starr Companies Signs Sponsorship Deal With New York Yankees
The New York Yankees has gained a new sponsor: Starr Companies. The global insurance and investment operation said that its multiyear agreement with the Major League Baseball team makes it the ...
China Will Merge Its Insurance, Banking Agencies in Big Regulatory Revamp
China is merging its banking and insurance regulators, giving new powers to policymaking bodies such as the central bank and creating new ministries in the biggest government shake-up in years. The ...
Zurich’s Cover-More Accelerates Latin America Travel Insurance Expansion
Zurich Insurance Group is doubling down on plans to expand throughout Latin America. Weeks after agreeing to pay $409 million for the Latin American operations of Australian insurer QBE, the Swiss ...
Specialty, Niche Business Lines Are 2018’s Insurance M&A Targets: Conning
Targeted P/C insurance mergers and acquisitions should continue in 2018 after they slowed down to a trickle last year, Conning said in a new report. The predicted M&A behavior for the rest of ...
Blackstone Eyes Insurance With Expansion Into Portfolio Risk Analytics
Blackstone Group LP has bigger plans for insurance companies than just managing their money. The world's largest private equity firm is expanding into a lucrative business dominated by BlackRock ...
A Phone Call From AIG’s Duperreault; A Deal 72 Days Later
It started with a phone call—from American International Group's Brian Duperreault to Validus Holdings' leader Ed Noonan. Roughly two-and-a-half months later, including time for just over one month ...
Commercial Cyber Liability Market Will Reach $6.2B in Written Premium by 2020: Verisk
The total commercial cyber liability market will reach $6.2 billion in written premium by 2020 after annual growth rates of 20-30 percent, Verisk predicts in a new market analysis. "Cyber liability ...
Travelers to Help Test Virtual Reality Tech as Workers Comp-Related Pain Treatment
The Travelers Companies is part of a new pilot project testing virtual reality and wearable technology to treat pain and better manage workers compensation risks. Cedars-Sinai Medical Center, Samsung ...