Industry News
ACE and Chubb Shareholders Approve $28B Merger by Wide Margin
Shareholders from ACE Ltd. and The Chubb Corp. voted to approve their respective companies' $28 billion merger on Oct. 22 by wide margins. More than 98 percent of ACE shareholders participating in ...
Lloyds, China’s Taiping Insurance to Team on Global Growth Plans
Lloyd's signed a memorandum of understanding with China Taiping Insurance Group intended to boost cooperation between "the world's only specialist insurance and reinsurance market and one of China's ...
For years, the insurance industry has been working to reduce the friction that slows down underwriting, claims, and servicing. Now,...
ACE CEO Greenberg Predicts Years-Long Integration With Chubb
Ace Ltd. Chief Executive Officer Evan Greenberg said it would be a mistake to start celebrating his agreement to buy Chubb Corp. for more than $28 billion, because the real test will be to integrate ...
U.S. Property/Casualty Net Income Grew Steadily in 2015 First Half
Thanks to a relatively quiet tornado season and slow start to the U.S. hurricane season, there's good news to report concerning property/casualty insurers' net income during the first half of 2015. ...
Towers Highlights Irish Tax Edge on $8.7B Deal as Vote Nears
Towers Watson & Co., the U.S. consulting firm that's seeking shareholder approval to merge with insurance broker Willis Group Holdings Plc, is increasingly highlighting the tax benefits that ...
$28B ACE/Chubb Merger Up for Oct. 22 Shareholder Vote
ACE CEO Evan Greenberg said progress on the planned $28 billion merger between his company and Chubb continues apace, with shareholders from both sides set to cast their vote on Oct. 22. "We are on ...
Republican Auto Safety Proposals Draw Warning from U.S. Regulators
Republican proposals to improve U.S. auto safety came under fire on Tuesday from federal regulators, who warned that proposed changes to current rules would erode consumer safety and give automakers ...
U.S. Senate Begins Debate Over Controversial Cyber Security Bill
The U.S. Senate on Tuesday began debating a long-delayed bill that would make it easier for corporations to share information about cyber attacks with each other or the government without concern ...