Industry News
AIG Reportedly Weighed $10B Bid for Voya Financial
American International Group Inc. may be back in the market for large-scale deals. The insurer was in talks to buy Voya Financial Inc. in a transaction valued at more than $10 billion before ...
Berkshire Hathaway Promotes Likely Buffett Successors Abel and Jain
Berkshire Hathaway Inc on Wednesday promoted two of its top executives, Gregory Abel and Ajit Jain, adding them to its board and cementing their status as the most likely successors to Warren Buffett ...
AmTrust CEO Zyskind, Stone Point Capital Propose Taking Insurer Private
A bid is afoot to take AmTrust Financial Services private. Stone Point Capital Partners, along with AmTrust Chairman and CEO Barry Zyskind and Director George Karfunkel (and his wife, Leah ...
Once Again, A.M. Best Continues Negative Outlook for U.S. P/C Reinsurance Sector
A.M. Best is continuing its negative outlook for the U.S. property/casualty reinsurance sector in 2018, adding that the space's financial performance continues to be "lackluster." "At this point, ...
Parametric Insurance Can Help Close Global Insurance Protection Gap: Clyde & Co.
Parametric insurance can play a significant role in closing the insurance protection gap – a problem that plagues economies in both the developing and developed world, according to a report ...
The Latest Launches From Roost and AmTrust Financial Services
AmTrust Financial Services is rolling out a new warranty app and platform. Roost is unveiling a smart garage door sensor. *** AmTrust Financial Services, Inc. has unveiled TapSafe, a new warranty app ...
Trump Tells Farmers He Supports Crop Insurance
U.S. President Donald Trump on Monday told farmers gathered in Tennessee that he supports crop insurance, signaling a possible shift from his proposals last year to shrink a program that many farmers ...
Berkshire Hathaway Could See $37B Book Value Gain from U.S. Tax Cuts: Barclays
Berkshire Hathaway Inc, the conglomerate run by Warren Buffett, may see its book value grow by $37 billion because of U.S. tax law changes enacted by President Donald Trump, Barclays Capital analysts ...