Personal Lines
Apollo-Backed Insurer Athene Withdraws Q1 Financial Results
Athene Holding Ltd., the insurer tied to Apollo Global Management LLC, withdrew its first-quarter financial results amid flaws tied to its accounting for reserves and taxes. The data for the period ...
GEICO Wants to Expand Ridesharing Policy Nationally: CEO Nicely
Giant auto insurer GEICO plans to roll out its new ridesharing insurance policy across the country, according to the company's CEO. "We want to insurer Uber drivers," GEICO CEO Tony Nicely told Liz ...
EXCLUSIVE: Spain’s MAPFRE Grabs MiddleOak’s Personal Lines Business
Spanish insurance giant MAPFRE SA has said it wants to expand and is eying acquisitions in both Europe and the U.S. Barely two months into 2015, it has pulled the trigger on one such deal in New ...
Good Weather Helped Allstate’s Profit Beat Estimates; Massive Buyback Planned
Allstate Corp., the largest U.S. publicly traded seller of auto and home insurance, said it would repurchase as much as $3 billion of its stock as fourth-quarter profit exceeded analysts' estimates. ...
W.R. Berkley Sees a Q4 Dip in Net Income
W.R. Berkley Corp. reported a stellar fourth-quarter in terms of premium growth, but net income dipped at year-end due in part to investment return challenges. Berkley's 2014 Q4 net income is booked ...
Canada’s Intact Financial Nearly Doubled Quarterly P/C Profit
Intact Financial Corp, Canada's largest property and casualty insurer, reported a near-doubling in quarterly profit, driven by higher underwriting income as claims related to natural disasters fell. ...
Uber, Carnegie Mellon, Link on Driverless Tech Research Partnership
Uber Technologies, the controversial app-based ridesharing service, is launching a partnership with a major university focused on developing new autonomous driving technology. Uber disclosed the news ...
Uber Investor Google May Be Ramping Up Its Own Ridesharing Service
Uber faces an ever-growing cast of adversaries that includes dubious regulators, litigious drivers, hostile members of the press, and some well-funded rivals. But the most significant threat to the ...