Personal Lines
Allstate Completes Exit From Life and Annuity Business With Sale to New York Life
The Allstate Corp. said it has agreed to sell its New York life insurance and annuity operation to Wilton Re for $220 million. The selling of Allstate Life Insurance Company of New York (ALNY), along ...
A Spurned Chubb Says Hartford Isn’t The Only Fish in the Sea
Global insurer Chubb Ltd. today issued a statement that it is "disappointed that The Hartford chose not to engage in discussions regarding a strategic business combination." However, the disappointed ...
After Chubb’s Failed Hartford Try, Allianz Now Mulling Possible Counteroffer
Chubb Ltd.'s $23 billion takeover offer for Hartford Financial Services Group Inc. has prompted Germany's Allianz SE to study the feasibility of a counteroffer, according to people familiar with the ...
Executives On The Move at Cover Genius and RSA
Cover Genius appointed a new chief operating officer and a second executive as its first-ever Global Chief Revenue Officer. RSA named appointments for chair and CFO of its UK and International ...
Generali Increases Bid for Aviva’s Polish Arm
Italian insurer Generali has nudged up its bid for Aviva's Polish arm, valuing the business at almost 2.5 billion euros ($3 billion), in a last-ditch effort to prevail over Dutch insurer NN, two ...
AIG Debuts Lodging Cover for International Travelers Stuck With Positive COVID Tests
American International Group's travel insurance unit has started marking lodging coverage for travelers prevented from boarding a commercial flight to the U.S. after receiving a positive COVID-19 ...
The Hartford Rejects Chubb’s $23B Acquisition Offer
Property and casualty insurer Hartford rejected a $23.24 billion takeover offer from larger rival Chubb Ltd on Tuesday, derailing what would have been the largest deal in the property and casualty ...
Farmers Rolls Out Direct-to-Consumer Policies in Two Additional States
Farmers Insurance is debuting direct-to-consumer policies in Massachusetts and Louisiana. Customers in both states can now digitally access quotes and purchase customizable auto, home, condo, and ...