Industry News
French Insurer Covea Reportedly in Talks to Buy PartnerRe for $9B
French insurer Covea is in advanced talks with the Agnelli family's Exor NV to buy the Italian company's reinsurance business PartnerRe for about $9 billion in cash, according to people familiar with ...
Argo Will Sell Trident Public Risk Solutions Biz to Paragon MGA
Bermuda-based global specialty lines underwriter Argo Group International Holdings has agreed to sell its Trident Public Risk Solutions brand and underwriting platform to Paragon Insurance Holdings. ...
A New Risk for Muni-Bond Insurers: Ransomware Attacks on Healthcare Providers
Hackers have finally done what bond issuers may have feared most from cyber criminals. A ransomware attack on Pleasant Valley Hospital in West Virginia was partly responsible for the hospital's ...
Thai Broker TQM, Insurer Are First to Roll Out Thai Coronavirus Policy
The world's best-performing insurance firm has seized on the latest health concern to offer Thailand's first policy to cover the novel coronavirus. TQM Corp., with partner Bangkok Insurance Pcl, this ...
Allstate’s New Growth Plan Includes Agent Commission Revamp, More Advertising
Allstate first disclosed its Transformative Growth Plan in December, an effort to overhaul how it does business, boost efficiency and reduce expenses. During the Illinois-based property/casualty ...
The Latest Launches From Chubb and Berkshire Hathaway
Chubb enhanced one of its signature digital platforms with new capabilities for client and broker users. Berkshire Hathaway 's GUARD Insurance Companies added Michigan to the list of states where the ...
Executives On The Move at Farmers, W.R. Berkley and Kemper
Farmers Insurance made two promotions within its organization. W.R. Berkley Corp. appointed a former executive from The Navigators Group as a claims executive. Kemper Corp. appointed a new member to ...
AXA Reportedly in Advanced Talks to Sell Eastern Europe Unit to Austria’s Uniqa
Axa SA is in advanced talks to sell its central and eastern European operations to Austria's Uniqa Insurance Group AG, people familiar with the matter said. The insurers aim to reach an agreement in ...