Markets
PartnerRe Shareholders Agree to EXOR’s Planned $6.9B Acquisition
PartnerRe's shareholders OK'd EXOR's planned $6.9 billion acquisition of the Bermuda-based reinsurer, clearing the way for the deal to close in the 2016 first quarter. The affirmative vote, held on ...
Federal Reserve Closing the Door on AIG-Style Bailouts
The Federal Reserve is on the verge of relinquishing the tools it used to rescue American International Group Inc. and Bear Stearns Cos. That probably won't appease lawmakers who've said they're ...
Willis Boosts Towers Watson Merger Offer to $8.9B
Willis Group Holdings Plc, the third-largest insurance broker, agreed to better terms for Towers Watson & Co. shareholders in a proposed merger after the consulting firm's investors said that a ...
USAA Tops Consumer Loyalty Business List
USAA tops a new list in terms of consumer loyalty, and is the sole property/casualty insurer to score in the top 20. USAA, an auto insurer and financial services company for members of the U.S. ...
The Growing Controversy Over Price Optimization in Insurance
The use of price optimization in insurance pricing is drawing increased attention and could be the next big industry battle. Or it could not be. Consumer groups and a growing contingent of states are ...
Everest Re’s Specialty Insurance Arm Forms Strategic Alliance With AEGIS
Everest Re Group, Ltd. said its U.S. primary specialty insurer has sealed up a new partnership designed to boost coverages in the utility and related energy industry. Specifically, Everest National ...
PartnerRe ‘AA-‘ Rating on Negative Watch in Advance of EXOR Deal Vote: Fitch
Citing uncertainties related to the acquisition of PartnerRe by EXOR S.p.A and stressed conditions in the reinsurance market, Fitch Ratings announced that it is keeping the "AA-" insurer financial ...
Telematics Does Indeed Shape Many Drivers’ Behavior: IRC Survey
With auto insurers such as Progressive and Allstate increasingly using telematics as an underwriting tool, the question remains as to whether the technology will truly influences drivers to be safer ...