Industry News
Generali, Great Eastern Reportedly Interested in AXA-Affin Malaysia Biz
Singapore's Great Eastern Holdings Ltd. and Assicurazioni Generali SpA are among potential bidders for the life and general insurance businesses in Malaysia that AXA SA and Affin Bank Bhd. own, ...
Executives On The Move at BHSI and Liberty Mutual
Berkshire Hathaway is bringing on a former Swiss Re executive in a leadership role. Liberty Mutual has a new senior vice president and treasurer. *** A former Swiss Re executive is joining Berkshire ...
Buffett’s Berkshire Hathaway Invests in Biogen and Kroger
Warren Buffett's Berkshire Hathaway Inc. piled funds into biotechnology company Biogen Inc. and supermarket operator Kroger Co. as it trimmed some of its bank wagers in the last few months of 2019. ...
AIG CEO Duperreault on P/C Insurance Turnaround: ‘This Inflection Point Was Critical to Achieve’
In a world of giant public companies with a global reach, $12 million may not seem like much. For American International Group, it's a very big deal. In the 2019 fourth quarter, AIG reported $12 ...
New InsurTech Financings: Software, SaaS Platform and Bicycle Insurance
Recent InsurTech funding announcements include a French company developing enterprise software products and services for credit and surety insurers; a Nevada-based SaaS-based digital insurance ...
Storm Ciara (AKA Sabine) Could Cause $2B in Insured Losses: RMS
Total insured property losses from storm Ciara, which was named Sabine in Germany, could be between 1.1 billion and 1.8 billion euros ($1.2 billion-$1.95 billion), catastrophe risk modeling firm RMS ...
SCOR Buys Majority Stake in Brazil MGA Focused on Agriculture
Global reinsurer SCOR said it has acquired a majority stake in AgroBrasil, an MGA focused on distributing fruit and grain loss of crop quality and yield insurance protection to Brazilian farmers. ...
AIG Will Spend $1.3B Over 3 Years on Modernization Initiative
American International Group said it will invest $1.3 billion over the next three years in its massive AIG 200 initiative, which is designed to revamp and improve core processes, technology ...