International
Fintechs Will Increasingly Squeeze Insurer Market Share: EU Official
Established insurers will face a squeeze on profits and market share as new financial technology companies muscle in on the industry, a senior European Union official said on Wednesday. More fintech ...
Hippo Attracts $350M Investment From Mitsui Sumitomo; Reinsurance Treaty Also Planned
Hippo Enterprises, an MGA InsurTech focused on homeowners insurance, secured a $350 million capital investment designed to help fuel further growth. A related reinsurance agreement is also part of ...
Howden Buys Safeonline, a Cyber and Tech Specialist Broker
Howden, the international insurance broker, announced it has reached an agreement to acquire Safeonline, a London-based cyber and tech specialist broker and Lloyd's coverholder. Financial details of ...
Google Will Deal With Second Antitrust Lawsuit, Courtesy of 7 States
A bipartisan group of U.S. states plans to file an antitrust lawsuit against Google as early as next month, according to two people briefed on the matter, potentially beating a more widely ...
Cautious Optimism About a Final Brexit/EU Arrangement
British finance minister Rishi Sunak has said there is genuine progress in Brexit talks with the European Union, but that it would be better to walk away from a bad trade deal than tie Britain's ...
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 ...