Industry News
China Will Merge Its Insurance, Banking Agencies in Big Regulatory Revamp
China is merging its banking and insurance regulators, giving new powers to policymaking bodies such as the central bank and creating new ministries in the biggest government shake-up in years. The ...
GM Reportedly Will Test Airbnb-Like Service for Personal Auto Owners
General Motors Co. plans to start a pilot program this summer that will enable car owners to rent out their vehicles when they aren't using them, according to people familiar with the matter. The ...
Zurich’s Cover-More Accelerates Latin America Travel Insurance Expansion
Zurich Insurance Group is doubling down on plans to expand throughout Latin America. Weeks after agreeing to pay $409 million for the Latin American operations of Australian insurer QBE, the Swiss ...
Willis Towers Watson Sees Small U.S. Commercial Insurance Price Uptick in Q4
Another market analysis has determined that average U.S. commercial insurance pricing nudged slightly in the 2017 fourth quarter. Willis Towers Watson's latest Commercial Lines Insurance Pricing ...
$80 Billion: The Price Tag for UK, EU Companies With a No-Deal Brexit
Companies in Britain and the European Union face an extra 58 billion pounds ($80 billion) in annual costs if there is a no-deal Brexit, with Britain's vast financial sector set to be the worst-hit ...
QBE NA Celebrates International Women’s Day With Scholarships
Specialty insurer QBE North America celebrated International Women's Day by announcing three scholarship recipients from St. John's University as part of a QBE Women in Insurance Scholarship Program. ...
The Latest Launches From Hiscox and Willis Towers Watson
Hiscox said it has added new coverage options to its insurance policy for U.S. businesses in the mental health industry. Willis Towers Watson developed a new product that provides finance and risk ...
Specialty, Niche Business Lines Are 2018’s Insurance M&A Targets: Conning
Targeted P/C insurance mergers and acquisitions should continue in 2018 after they slowed down to a trickle last year, Conning said in a new report. The predicted M&A behavior for the rest of ...