Strategy
Generali Closer to Controlling Cattolica, After Berkshire Hathaway Tenders Stake in Company
Warren Buffett's Berkshire Hathaway has tendered its stake in Cattolica under a takeover offer by Assicurazioni Generali, a source close to the situation said on Friday. The move brings Italy's top ...
Guidewire Launches Program to Connect Its Insurance Customers to Possible InsurTech Partners
Guidewire Software has launched a new program designed to connect its insurance industry customers to up-and-coming InsurTechs. Dubbed, Insurtech Vanguards, the program will highlight innovative ...
Marshmallow, a $1.3B Car Insurance Startup, Aims for the Big Leagues
For three centuries, a handful of insurers have dominated the market from the City of London. The upstart intent on challenging them rents two floors just outside the district in an area known as ...
MGAs Can Build Broker Relationships – Even in a Hard Market
How can managing general agents build broker relationships during a hardening market when insurers have much less incentive to provide capacity? After more than 25 years as a broker, Peter Blanc, CEO ...
Allstate Will Sell Its Chicago-Area HQ in Embrace of Hybrid Work Routines
Allstate Corp. plans to sell its headquarters building, marking the U.S. finance industry's firmest endorsement yet of the desire to offer hybrid work after the pandemic. With many employees choosing ...
Government Can and Should Help Reduce Cybersecurity Risks: ITC 2021 Highlights
It's no secret that cyber insurance rates keep rising into the stratosphere. But the U.S. government can take specific actions to help reduce risk and stabilize the market, a former federal official ...
Chubb Buying Cigna’s Asia-Pacific A&H, Life Businesses for $5.75B
In a deal that will expand its Asia book to $7 billion in net premiums, Chubb announced a definitive agreement to acquire some life and non-life insurance companies from Cigna in seven Asia-Pacific ...
At ITC Vegas 2021, Chubb CEO Greenberg Put InsurTechs in Their Place
Many startups in the insurance world have long promised to transform every aspect of the industry they touch. Speaking recently before an audience of InsurTech entrepreneurs, Chubb CEO Evan Greenberg ...