Markets
K2 Backs Reciprocral Exchange Seeking to Insure Florida Mobile Homeowners
Insurance services holding company K2 Insurance Services and New York based private equity firm Lee Equity Partners have formed American Mobile Insurance Exchange (AMIE), a reciprocal exchange that ...
Investor Wants Finland’s Sampo to Focus on Insurance, Sell Nordea Stake
Finnish financial group Sampo should sell its 4.3 billion euro ($5.2 billion) holding in lender Nordea this year and focus on its insurance operations, Elliott Advisors said on Tuesday. The activist ...
Repair Your Damaged Reputations, AM Best Tells UK Insurers
While most of the COVID-related problems that plagued U.K. commercial property insurers will abate after the March anniversary of lockdowns, battles with reinsurers and damaged reputations are ...
Insurance Verification Platform TrustLayer Raises $6.6M
TrustLayer, developer of a proof-of-insurance risk management platform, has raised $6.6 million in seed funding from venture investors, insurance agencies and others. "We're honored to have the ...
The Latest Launches From Insurity and Neptune Flood
Insurity, a provider of cloud-based software for carriers, brokers and MGAs, said it has expanded its system integrator partners. Neptune Flood formed a new partnership that will expand the reach of ...
Aviva Investors Might Ditch Holdings in Biggest Carbon Emitters Over Climate Inaction
Aviva Investors said on Monday it could ditch its stock and bond holdings in 30 of the world's biggest corporate emitters of carbon if their boards failed to take sufficient action over climate ...
India’s Insurers Poised to Attract Western Investment After Rule Changes
The Indian government on Monday said it plans to raise limits on how much foreign companies can invest in the country's insurance industry, a move that could attract inflows from U.S. and European ...
AIG Pays $12 Million to Resolve NY Pension Transfer Probe
American International Group Inc. agreed on Monday to pay a $12 million civil fine to settle charges that it conducted life insurance business in New York without a license. The settlement is the ...