Personal Lines
Zurich Insurance Reportedly Raising Financing For Possible RSA Takeover Offer
Zurich Insurance Group AG is raising financing ahead of a possible takeover offer for RSA Insurance Group that could come as early as next week, according to people familiar with the matter. The ...
PURE Starts Offering Workers Comp in Florida For Members’ Domestic Employees
Privilege Underwriters Reciprocal Exchange (PURE) is introducing workers compensation insurance for domestic employees of its members who live in Florida. Eligible employees include those who care ...
Auto Insurers Setting Premiums May Treat Risky Borrowers Worse Than Drunk Drivers
A customer's credit score may matter more than a drunken-driving conviction for auto insurers setting premiums, Consumer Reports said, citing a review of price quotes in the U.S. from more than 700 ...
China-Linked Hackers That Hit U.S. Govt. Reportedly Breached United Airlines
The hackers who stole data on tens of millions of U.S. insurance holders and government employees in recent months breached another big target at around the same time -- United Airlines. United, the ...
Cash Will be King if Zurich Insurance Buys RSA
Zurich Insurance Group AG said any offer for RSA Insurance Group will probably be in cash. Wednesday's statement from Zurich means "there's a very high likelihood that it will come through with an ...
W.R. Berkley’s CEO: M&A Trend Mostly Driven by ‘Management Ego’
W.R. Berkley Corp.'s outspoken chairman and CEO slammed the surge of M&A activity hitting the property/casualty industry in recent months as something driven more by "management ego" than true ...
Zurich Insurance Confirms Possible Bid For Rival RSA
Cash-rich Zurich Insurance is weighing a bid for British rival RSA Insurance Group which could top $8 billion and be the latest industry tie-up amid toughening regulations. The impending launch of ...Hartford’s Profit Beats Estimates, Share Buyback Grows
Hartford Financial Services Group Inc., the insurer that sold life units to focus on property/casualty coverage, increased its share buyback by $1.6 billion and raised the dividend 17 percent as ...