Industry News
Insurance Tech Companies Majesco and Cover-All Plan to Merge
Insurance tech-company Cover-All Technologies plans to merge with rival Majesco, a deal that will create an operation with $100 million in annual revenue and a global reach. Majesco (formerly ...
UPC Insurance to Acquire Family Security Holdings
United Insurance Holdings Corp. (UPC Insurance) said it plans to acquire Family Security Holdings LLC for $9 million. The transaction is expected to close by Jan. 31, 2015. FSH is an insurance ...
The CNBC Halftime Report is the place for market-moving interviews and fast-paced market analysis. It places investors right at the...
China Insurance Broker Expands Employee Share Issue
China-based insurance broker CNinsure Inc. said it is boosting a new share issue to employees. The independent insurance intermediary company said it is expanding the issue from up to 100 million to ...
Aon Benfield Cites 2014 as Record for Property Catastrophe Bond Issuance
Total property catastrophe bond issuance for 2014 stood at $8.03 billion as of Dec. 12, a new record for annual insurance-linked securities, Aon Benfield Securities said. That new milestone hit with ...
China Reportedly Launching $6.5B Trust Insurance Fund
A planned insurance fund for China's trust industry will have an initial size of around 40 billion yuan ($6.47 billion), the state-owned China Securities Journal reported on Saturday, citing ...
Carrier Management Takes Home Folio Magazine Honors
Less than two years after launch, Wells Media's newest publication for the property/casualty insurance industry, Carrier Management, is making its mark in the publishing world, garnering three honors ...
Novarica: Large P/C Companies Widen Lead in Advanced Technology Race
Large property/casualty insurers are widening their lead over small- and medium-sized competitors in the race to add advanced technologies into daily work, Novarica concluded in a new report. ...
State Farm Releases Vehicle Recognition App for Car Buyers
State Farm announced its latest mobile app, CarCapture, allowing car buyers instantaneously get information about cars they like as soon as they seen them. The idea is that anyone in the market for a ...