Personal Lines
Sony Will Take Full Control of Listed Financial Arm for $3.7B
Sony Corp said on Tuesday it will turn its listed financial arm, Sony Financial Holdings Inc, into a wholly owned unit through a tender offer worth about 400 billion yen ($3.72 billion). The deal ...
COVID-19 Will Make Reinsurers Lose More Money in 2020: S&P
Reinsurers globally will lose money in 2020, a reality Standard & Poor's said COVID-19-related losses stand to make worse. What's more, the level of red ink could worsen substantially depending ...
A.M. Best Says Stress Tests Show Most Insurers Can Handle Balance Sheet Pandemic Hit
Analysts at the AM Best ratings firm say their initial stress tests of insurance companies globally to gauge the preliminary impact from the COVID-19 pandemic on their financial strength found good ...
Buffett’s Berkshire Hathway Exits Remaining Travelers Stake, Slashes Goldman Sachs Investment
Warren Buffett's Berkshire Hathaway Inc said on Friday it has sold much of its stake in Goldman Sachs Group Inc, despite the billionaire's assurance that the banking sector was not a "primary worry" ...
Insurance Comparison Firm SelectQuote Plans a $342M IPO
SelectQuote Inc said on Friday it was looking to raise about $342 million in an initial public offering that could value the owner of the eponymous insurance policy comparison website at more than $3 ...
AIG Shareholders Back Executive Pay Package Changes
Shareholders of American International Group Inc strengthened their support for the U.S. insurance company's executive compensation plan after the board made changes to its pay packages, according to ...
Multiple InsurTech Consolidation Pressures Are Underway: Brewer Lane’s Notaras
Before the coronavirus pandemic, observers were expecting InsurTech startups to begin a consolidation process as they matured and looked at long-term viability. In the COVID-19 era, mergers and ...
6-Feet Social Distancing Workplaces Are Increasingly Likely
One-way corridors, buffer zones around desks, and clear plastic screens to guard against colleagues' coughs and sneezes may become office standards after coronavirus stay-at-home orders are lifted, ...