News
Relax, Uber’s Not Interested in Entering Insurance Business
While it is weighing providing benefits and insurance to its independent contractor drivers, ridesharing giant Uber is not interested in getting into the insurance business itself. Rather, the global ...
Nestle Child Slavery Lawsuit Revived in U.S. Appeals Court
A U.S. federal appeals court on Tuesday reinstated a lawsuit by a group of former child slaves accusing the U.S. unit of Nestle SA, the world's largest food maker, and Cargill Co of perpetuating ...
Berkley’s Q3 Net Income Came in Flat; Premiums, Investment Income Grew
W.R. Berkley Corp.'s third quarter featured flat net income but also higher premiums and soaring investment income. The Connecticut-based insurer and reinsurer said it generated $162 million in net ...
Chubb Reports Robust Financial Results, With Predictions of More to Come
Chubb scored robust results for its 2018 third quarter, with solid profit, increases in net premiums written and a healthy property/casualty combined ratio. "We're confident and optimistic about our ...
April, the French Insurer, Is Drawing Interest From Potential Suitors
French insurer April SA has drawn takeover interest from private equity firms including CVC Capital Partners, KKR & Co. and BC Partners as it weighs a sale amid a wave of industry consolidation, ...
Aspen Contacted More Than Two Dozen Potential Buyers, Filing Says
Although Aspen Insurance Holdings, through its representatives, reached out to 26 potential parties to find a buyer for the company, 17 said they weren't interested right off the bat, according to ...
Owners of Singapore Reinsurer ACR Capital Holdings May Revive Sale Efforts
ACR Capital Holdings Pte shareholders are considering reviving a sale of the Singapore reinsurer, less than a year after a deal with Chinese buyers fell apart, people familiar with the matter said. ...
The Latest Launches From AIR Worldwide and London Market Group
AIR Worldwide said it has come up with a new cyber risk model that can account for specific incidents for global insurance portfolios. The London Market Group (LMG) will work with Sequel to develop a ...