International
New Insurance Group Inigo Raises $800M of Capital; Ex-Hiscox Execs Behind Launch
Inigo Ltd., a new London-based insurance group, announced it has completed a capital raise of approximately $800 million from a consortium of global investors. Former Hiscox executives are beyind the ...
Ping An Insurance Reports First Quarterly Profit Rise in 12 Months
Ping An Insurance Group Co of China Ltd on Tuesday reported a 7.74% rise in net profit, its first quarterly profit increase in a year, as the country's largest insurer by market value attracted more ...
Zurich Insurance Reportedly in Advanced Talks to Buy MetLife U.S. P/C Unit
Switzerland's Zurich Insurance Group AG is in advanced talks to acquire MetLife Inc's U.S. property and casualty (P&C) car and home insurance unit for close to $4 billion, according to people ...
U.S. Insurance Execs Insist They Are Working to Fix Diversity Shortcomings
When Jerald Tillman and Mike James started their careers more than 20 years ago, working in the U.S. insurance industry was not on their radar, but programs to attract Blacks and other minorities ...
Starr CEO Greenberg: Biden Could Generate Fresh Start in U.S.-China Relations
U.S. President-elect Joe Biden has an opportunity to start fresh with China, a move that would benefit both nations, Maurice "Hank" Greenberg, chairman of Starr Insurance Companies, told Reuters on ...
Executives On The Move at Arch Insurance and Lockton
Arch Insurance has a new executive in its Surety arm. Lockton added a bew vice president and Business Development consultant for the firm's Midwest Series. *** Arch Insurance hired Stephen Ruschak as ...
RSA Backs $9.6B Takeover Offer From Overseas Rivals
British insurance group RSA is backing a 7.2 billion pound ($9.55 billion) cash offer from Canada's Intact Financial and Denmark's Tryg in one of Europe's biggest financial takeover bids this year. ...
2020’s Most Powerful Atlantic Hurricane Strikes Central America
Hurricane Iota slammed into Central America late Monday with ferocious winds and rain, threatening to cripple a region already reeling from a deadly storm two weeks ago. Iota, the most powerful ...