Markets
Erie Insurance Tops J.D. Power’s Annual Auto Insurance Customer Ranking for 5th Straight Year
For the fifth consecutive year in a row, Erie Insurance came in first in J.D. Power's annual ranking of auto insurance customer service. Erie Insurance's score of 879 out of a possible 1,000 comes as ...
Liberty Mutual Reorganizes Global Specialty Business After Closing $3B Ironshore Purchase
Liberty Mutual Insurance has closed its $3 billion acquisition of specialty lines insurer Ironshore Inc. from China's Fosun International, and will make some organizational changes to accommodate its ...
Storm Damages Midwest Wheat Crop; More Heavy Rain to Come
Another round of rain is on the way for the water-logged Mississippi Valley, after a weekend storm that damaged wheat crops across the upper U.S. Great Plains. The bulk of the rain will be ...
Aon to Expand Focus on Data, Analytics After Sale of Outsourcing Platform
Aon has completed the $4.3 billion cash sale of its benefits administration and HR business process outsourcing platform to Blackstone-affiliated private equity funds. The sale will generate up to ...
AIG’s Investors Worry Over Succession Plan, Company’s Future
For nearly two months, American International Group Inc has planned to replace its chief executive but a successor has yet to be named, creating a void that has stoked investor concerns about the ...
Q1 InsurTech Venture Funding Plunged, as Companies Advanced to Product Stage
InsurTech venture funding plunged 64 percent in the 2017 first quarter compared to the previous year, but the reason for the drop may actually be quite positive, according to a new Willis Towers ...
Broker Hub International Acquires Firm With Focus on Korean American Community
Hub International Ltd. said it has snatched up the assets of City Insurance Services and its related affiliates. The Chicago-based global insurance brokerage did not disclose financial terms, though ...
Markel Corp. Blames Ogden Rate Decrease for Disappointing Q1
Markel Corp's 2017 first quarter slumped in a major way, with a drop in net income and a rise in its overall combined ratio. The holding company for insurance, reinsurance and global investment ...