Industry News
AIG Selling Bulk of Fortitude Re to Carlyle, T&D Holdings for $1.8B
American International Group plans to sell the bulk of Fortitude Re to private equity firm The Carlyle Group and Japanese insurer T&D Holdings for $1.8 billion. Plans call for a newly created ...
Chubb Boosts Stake in Major China Insurer
Chubb Ltd. has increased its investment in one of China's major insurers, reflecting a deeper commitment to penetrating the market there. Chubb said it would purchase another 15.3 percent of Huatai ...
Disaster-Prone Philippines Taps Catastrophe Bonds
The Philippines, among the world's most disaster-prone nations, sold its maiden foreign-currency catastrophe-linked bonds to help cover costs of major calamities, in conjunction with the World Bank. ...
Generali Reportingly Prepping a Bid for MetLife European Assets
Assicurazioni Generali SpA is preparing to make a formal bid for the European assets of MetLife Inc. following months of talks, people with knowledge of the matter said. The Italian insurer has been ...
Now Presenting: 13 InsurTechs for P/C Carriers to Know
Of the 17 InsurTechs invited to the Global Insurance Accelerator's InsurTech Week in mid-October, 12 had offerings that could benefit property/casualty insurance carriers. Below, we list them, along ...
Agent Efficiency, Analytics and AI Top Trends at InsurTech Week
Against the backdrop of the Global Insurance Accelerator's 5th Annual InsurTech Week, nearly 200 insurance company executives, InsurTech startup founders, and industry influencers spent the better ...
PURE, Soon to Join Tokio Marine, Hires AIG Vet as Chief Growth Officer
A veteran Chubb and AIG executive is joining the PURE Group of Insurance Companies as its chief growth officer. Jerry Hourihan will also be given the title of senior vice president. In his new role, ...
W.R. Berkley Corp. Blends Two of Its Healthcare Units Into One
W.R. Berkley Corp. said it has combined two of its healthcare-focused operating units in a bid to strengthen how it offers their products to customers. BerkleyMed and Berkley Healthcare are now ...