Industry News
China’s Anbang Insurance Reportedly Prepping to Sell $10B in Overseas Properties
China's Anbang Insurance Group Co Ltd is looking to offload overseas properties worth about $10 billion to shore up its balance sheet as part of a government-backed rescue, three people with ...
UK Insurers, Banks Warned to Prepare for ‘Hard’ Brexit
Britain's banks and insurers must plan for a "hard" Brexit in case a transition period is not in place next March, a senior British regulator said on Thursday in a warning echoed by Brussels. "With ...
Generali to Sell Off Wealth, Services Units for $476M
Assicurazioni Generali SpA agreed to sell wealth-management and service units in Ireland and Guernsey for 409 million euros ($476 million), pushing the Italian insurer above its target for ...
Executives On The Move at Tokio Marine HCC and GEICO
Tokio Marine HCC promoted a number of executives within its Specialty Group. GEICO promoted an up-and-coming executive on the East Coast. *** Tokio Marine HCC promoted a number of executives within ...
AIG Closes $5.6B Validus Acquisition; Q2 Earnings Out on Aug. 2
When American International Group reports its 2018 second-quarter financial results on Aug. 2, it will be the proud new owner of Validus Holdings. AIG disclosed on July 18 that it has closed a $5.6 ...
Buffett’s Berkshire Hathaway Eliminates Restriction on Stock Buybacks
Berkshire Hathaway Inc on Tuesday eliminated a restriction on its ability to buy back its own stock, a change that could help billionaire Chairman Warren Buffett deploy more of the conglomerate's ...
New Butler U. Online Insurance Master’s Degree Billed as Way to Help Fill Talent Gap
Butler University's Lacy School of Business will introduce an online Master of Science in Risk and Insurance (MSRI) program. The Indiana-based university bills the offering as among the first of its ...
Travelers Proposes Using Current Auto Insurance Model for Autonomous Vehicles
Auto insurance should continue to be the primary compensation model for accident victims as the driving population transitions to and then fully adopts autonomous vehicles, according to the insurer ...