U.S.
Santander to Replace Allianz With Aegon, Mapfre in Spanish Insurance Joint Venture
Banco Santander SA agreed to pay 937 million euros ($1.1 billion) to buy Allianz SE out of an insurance joint venture in Spain, more than halving the value of the German insurer's assets under ...
After $17B in Acquisitions, Tokio Marine Promises More to Come
Tokio Marine Holdings Inc. is seeking acquisition opportunities in Asian emerging markets and elsewhere as it seeks to double profits from those regions, according to the new chief of Japan's largest ...
Nationwide: Solid Strategy Is Key to Finding a Compelling InsurTech Partner
Carriers are increasingly looking for InsurTechs that would serve as good partners or investments, but how do they pick the right ones? That's a vital question for carriers to address so they can ...
Legal & General Will Divest Exxon Shares Over Climate Change
One of Britain's biggest fund managers started selling shares in Exxon Mobil Corp., saying America's largest oil company isn't doing enough to address climate change. Legal & General Investment ...
State Farm Boosts Its Use of ‘Real Time’ Telematics
The nation's largest insurer has stepped up its investment in telematics, announcing this week an upgrade to its usage-based insurance program that allows policyholders to check on their driving ...
Anti-Hacking Company Claims It Took Over a Tesla Model 3’s GPS
An autonomous systems defense company contends it has successfully spoofed the GPS mechanism of a Tesla Model 3 using the automaker's latest Autopilot technology, sending the vehicle off its intended ...
Two Ex-AIG Employees Awarded $10 Million Ahead of Larger, Related U.K. Bonus Case
Two former American International Group Inc. employees won awards totaling about $10 million after French judges chastised the insurance giant for trying to block the payment of bonuses they'd ...
Hamilton Re Sponsors Issuance of Its First Cat Bond
Hamilton Re has sponsored issuance of its first catastrophe bond. The reinsurance platform of Bermuda-based holding company Hamilton Insurance Group said that the issuance has taken place through its ...