Specialty
Aon Scraps Plans to Pursue Willis Towers Watson Acquisition
Aon Plc said on Wednesday it had scrapped plans to pursue a merger with rival insurance brokerage Willis Towers Watson Plc, a day after it revealed it was in early stages of considering an all-stock ...
Berkshire Hathaway Launches Irish Insurance Subsidiary for Post-Brexit Operations
Berkshire Hathaway Insurance Group is readying for Brexit with news that its European division is launching an Irish subsidiary that will operate in the European Union. Based in Dublin, the Berkshire ...
Shift Technology Raises $60M to Expand Reach of AI Claims Tech
Shift Technology has raised $60 million in new venture financing, money that will help grow the reach of its artificial intelligence and big data technology designed to help carriers manage risk ...
The Latest Launches From Allstate and Travelers
Allstate disclosed that its coverage for Uber drivers is now offered in 11 additional states. Travelers' Canadian arm is launching new services for specialty insurance corporate customers that come ...
Great American Promotes Two to Lead P/C Group
Great American Insurance Group promoted two longtime executives to the role of senior vice president for its Property and Casualty group. One, James (Jim) Muething, has been with Great American since ...
Marsh, Jardine Lloyd Thompson Will Sell JLT’s Aerospace Unit to Gallagher
Marsh & McLennan Cos. and Jardine Lloyd Thompson have agreed to sell JLT's aerospace business to Arthur J. Gallagher. The arrangement provides for the acquisition of all assets within JLT's ...
Lyft and Uber Build Their Own Captive Insurers In Hawaii
Ride-sharing giants Lyft Inc. and Uber Technologies Inc. seem to have found the same solution for dealing with the risks of managing millions of drivers on the road: Creating their own insurers in ...
The Latest Launches From Chubb/Aon and AGCS
Chubb and a catastrophe modeling firm will partner to develop a new terrorism risk model for Manhattan in New York City and other dense urban environments. Allianz Global Corporate & Specialty ...