Markets
Ping An Insurance Reports First Quarterly Profit Rise in 12 Months
Ping An Insurance Group Co of China Ltd on Tuesday reported a 7.74% rise in net profit, its first quarterly profit increase in a year, as the country's largest insurer by market value attracted more ...
Kemper Will Pay $370M for Specialty Insurer Focused on Hispanic Market
Kemper Corp. has agreed to pay $370 million in cash for specialty auto insurer American Access Casualty Company and its related captive insurance agency, Newins Insurance Agency Holdings. Driving the ...
InsurTech Blink Launches Non-Damage Business Interruption Parametric Product
Irish InsurTech Blink has started marketing a hurricane non-damage parametric insurance product designed to provide liquidity to small and medium-sized businesses after a natural disaster. Called ...
External Cyber Attacks Cost More, but Employees Produce Biggest Number of Claims
The cyber insurance losses costing the most are coming from external attacks on companies. But employees are generating the most number of claims as they make mistakes and face technical problems, ...
Allstate Only Hires Banks for Bond Sale Owned by Minorities, Women or Veterans
Allstate Corp. hired solely banks owned by minorities, women or veterans for its bond sale, in the biggest corporate deal yet managed only by diverse firms. The insurer enlisted Loop Capital Markets, ...
Zurich Insurance Reportedly in Advanced Talks to Buy MetLife U.S. P/C Unit
Switzerland's Zurich Insurance Group AG is in advanced talks to acquire MetLife Inc's U.S. property and casualty (P&C) car and home insurance unit for close to $4 billion, according to people ...
Financial Lobbyists Begin Feeling Out Biden Transition Team
Financial lobbyists, kept at arm's length by Joe Biden's campaign, have begun engaging with the Democratic president-elect's transition team on issues including economic stimulus, pandemic aid ...
Americans More Likely to Buy Travel Insurance: Study
Despite the pandemic risk, the majority of Americans are still planning to travel during the 2020 holiday season. However, many say they are going to hedge their bets from now on by purchasing travel ...