Commercial Lines
Liberty Mutual Will Sell Life Biz to Lincoln Financial for $3.3B; P/C Operations Reorganized
Liberty Mutual is getting out of the life insurance business, and the insurer will reorganize in order to better focus on its remaining P/C businesses. The Boston-based global insurer said it will ...
After Validus, AIG CEO Duperreault Envisions Select, Strategic Acquisitions
American International Group's newly announced plan to pay nearly $5.6 billion for Validus Holdings is likely just the beginning of the insurer's acquisition goals in the coming months. AIG President ...
UPDATED: AIG Will Acquire Validus for $5.6B, Fulfilling CEO Duperreault’s Early M&A Pledge
Brian Duperreault was clear after becoming American International Group's new leader in May 2017 that he'd be looking for acquisitions. He's now made good on this promise, with news that the insurer ...
Delaware Sues Opioid Manufacturers, Distributors Over Epidemic
Delaware on Friday became the latest state to file a lawsuit accusing corporations of helping fuel the national opioid epidemic, suing a wide range of companies involved in making, distributing and ...
JLT Specialty USA Chooses Chicago as U.S. Headquarters
JLT Specialty USA has chosen Chicago as its U.S. headquarters. The U.S. subsidiary of Jardine Lloyd Thompson Group plc announced the news on Jan. 18, along with Chicago Mayor Rahm Emanuel. JLT's US ...
$1B GM Ignition Switch Settlement Tossed by Judge
A federal bankruptcy judge on Thursday said a settlement agreement that would require General Motors Co to pay $1 billion in stock to car owners suing the company over faulty ignition switches was ...
Berkshire Hathaway Vice Chairman Jain Holds $109M in Company Shares
One of Warren Buffett's top deputies has amassed a stake in Berkshire Hathaway Inc. valued at more than $100 million. Ajit Jain, the insurance executive who was named a vice chairman of Buffett's ...
The Latest Launches From Willis Re and Munich Re
Willis Re beefed up its cyber risk portfolio modeling tool to include a new, key feature. A deal Munich Re forged with another company enables its insurance carrier clients to obtain drone ...