insurance News
Alibaba Invests $188M in Cathay Financial’s Insurance Division
Alibaba Group Holding Ltd.'s finance arm is strengthening its foothold in the insurance business with plans to invest about 1.2 billion yuan ($188 million) in a Chinese unit of Cathay Financial ...
Allianz & Maiden Keep Automotive OEMs in Sight With Expanded Insurance Partnership
Allianz is expanding its alliance with Maiden Holdings with a goal of bringing new insurance coverage to automotive original equipment manufacturers and their customers. Neither side is disclosing ...
Zurich, EagleEye, Launch 14-Month Predictive Analytics Tech Test
Zurich Insurance Group will test a South Carolina company's predictive analytics technology in a 14-month trial. Zurich's deal with EagleEye Analytics is part of its global advanced analytics ...
Ping An Insurance, Confronting China Slowdown, Boosts Overseas Assets
Ping An Insurance (Group) Co., China's second-largest insurer, is boosting overseas assets as the nation's slowing economy and falling interest rates make it difficult to find investments with ...
Novarica: ‘Agile’ Methodology Is Transforming Insurance Industry IT Development
In the last seven years, the use of agile methodology across the insurance industry has gone from zero to 90 percent. The agile model, a newer software development approach, involves more ...
Berkshire Hathaway Hints Another New Purchase May Be Coming
Warren Buffett's Berkshire Hathaway Inc on Friday said it boosted its stake in cable TV operator Charter Communications Corp, and signaled it may have another large investment planned after agreeing ...
U.K. Insurers Hit With Tougher Financial Conduct Rules
U.K. insurers face tougher conduct rules as the Financial Conduct Authority makes it easier to hold individuals at financial firms to account for failures on their watch. The FCA issued final rules ...
Iran, Minus Sanctions, Could Be Huge Boon For Insurers/Reinsurers: A.M. Best
The potential lifting of trade sanctions on Iran could present a huge opportunity for insurers and reinsurers in the months and years ahead, A.M. Best concluded in a new briefing. Right now, the ...