Generali to Sell TUA Assicurazioni to Allianz in $295M Deal
Generali said on Thursday that it has reached an agreement with German insurance heavyweight Allianz for the sale of TUA Assicurazioni for 280 million euros ($295 million) in ...
Industry News
Most Commercial Auto Insurers Researching Telematics: Survey
Approximately 78 percent of commercial auto insurers are in the research phase of preparing for usage-based insurance (UBI) products, according to a new report from The National Alliance for ...
Buffett Watchers Tout Japan Insurers, Banks as Next Potential Value Targets
Warren Buffett's buying of Japanese trading firms helped propel the nation's stocks to multi-decade highs. Six months on, insurers and banks are emerging as the next potential value targets. Insurers ...
Israel to Provide $6B War Insurance Cover for Israeli Airlines
Israel's parliamentary finance committee approved a plan to provide a state guarantee of $6 billion to cover insurance against war risks to Israeli airlines, the Finance ...
75% of Small Businesses Are Underinsured; 70% Use Agents: Survey
Small businesses may be growing their revenue, but the vast majority–75 percent–are not adequately protecting themselves and their assets. Small businesses are an essential part of the U.S. ...
McElroy, Bailey, Hancock Get New AIG Leadership Roles
American International Group announced that David McElroy, Don Bailey and Jon Hancock will be taking on different roles starting on Jan. 1, 2024—moves that AIG says will see them leading the ...
Insurers Prioritizing Profit Over Growth: Exec Survey
Nearly half of 400 insurance executives responding to a recent survey said their current priorities center on improving profitability rather than growing their businesses. Forty-eight percent of ...
Tech Bytes: New Partnerships at Cinch, ZestyAI, Bold Penguin
Cinch Home Services, a home protection brand, announced its latest partnership with TrustedChoice.com, a digital marketing platform for the independent insurance industry. TrustedChoice.com provides ...
Florida Market Improving: Less Red Ink Spilling on Bottom Lines
Florida-based insurers still aren't profitable, overall, but their net losses and underwriting losses are getting smaller. In addition, two more property insurance companies are preparing to enter ...