Industry News
In Pandemic Auto Insurance Shopping Boom, Brands Are Secondary: J.D. Power
Nearly half of auto insurance customers have shopped around for new policies during the coronavirus pandemic, but few cared about specific brands, according to the J.D. Power 2021 U.S. Insurance ...
The Latest Launches From USAA and Neptune Flood
USAA expanded its safe driving app into 10 additional states. Neptune Flood has launched its latest capacity program, which is designed to help provide a private flood insurance alternative to the ...
Chubb CEO Greenberg: Company Looks at Lots of M&A Opportunities ‘Every Year’
Chubb's recent failed attempt to acquire The Hartford may have gotten a lot of play in the industry and business press, but Chairman and CEO Evan Greenberg said the company explores potential M&A ...
Aon’s $30B WTW Bid Will Reportedly Win EU Approval Without More Concessions
Insurance broker Aon is set to gain conditional EU antitrust approval for its $30 billion bid for Willis Towers Watson without having to offer more concessions, people familiar with the matter said. ...
Q1 InsurTech Funding Reaches New Global High: Willis Towers Watson
InsurTech venture capital funding reached more than $2.5 billion in the first quarter – a new global high. But just eight companies accounted for close to half of the total, according to a new ...
Big Commercial Rate Hikes Continue at Chubb; Investment Portfolio Takes Hit
Chubb's 2021 first quarter landed with massive net income. The company alsi benefited from double-digit commercial premium rate hikes and a healthy P/C combined ratio. COVID-19 continued to adversely ...
Arch Partners With Non-Profit to Increase Women in Technology Positions
Arch Capital Group will partner with a non-profit dedicated to boosting the number of women in insurance technology positions. The Bermuda-based insurer and reinsurer said it would link up with Women ...
EU Asks Several Aon Rivals Which One Should Buy Assets in Aon-Willis M&A Deal
EU antitrust regulators are asking Aon rivals and customers who is the best buyer for assets the insurance broker has offered to sell to address competition concerns about its $30 billion Willis ...