Strategy
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 ...
Digital MGA Roamly Will Start Selling Its Own RV Rental Policies Through Spinnaker Insurance
Digital MGA Roamly will link with Hippo-owned carrier Spinnaker Insurance Company to sell its own insurance for recreational vehicle rentals. Roamly is owned by Outdoorsy, a global online RV rental ...
Undaunted by Delta, Carriers and InsurTechs Proceed Cautiously With Hybrid Home/Office Work Plans
Delta may have damaged post-pandemic return-to-office plans for many industries. For insurers, it appears to be a different story. Large numbers of companies in many industries plotted a return to ...
Two Activist Investors Reportedly Take Stakes in Willis Towers Watson: WSJ
Activist investors Starboard Value LP and Elliott Management Corp have taken stakes in insurance broker Willis Towers Watson PLC, the Wall Street Journal reported on Thursday, citing people familiar ...
Allianz Transfers Legacy Life Portfolio to Resolution Re
Allianz Suisse Life has agreed to transfer to Resolution Re a legacy portfolio of individual life products, which have a reserve volume of around 4 billion Swiss francs ($4.3 billion). Using quota ...