Tag archive for ‘Insurance industry news’
By businessnewstoday On Thursday, June 4th, 2020

PIB Group acquires German reinsurance and insurance broker Marx Re

(adsbygoogle = window.adsbygoogle || []).push({}); PIB Group, a UK-based insurance intermediary group, has acquired Marx Re-Insurance Brokers (Marx Re), a German reinsurance and insurance broking More...

By businessnewstoday On Tuesday, May 26th, 2020

Genstar wraps up sale of Innovative Aftermarket Systems to iA Financial

Genstar Capital said that it has wrapped up its $720 million sale of Innovative Aftermarket Systems (IAS), a marketer, administrator, and underwriter of vehicle protection products, to iA Financial Group. Based More...

By businessnewstoday On Friday, May 22nd, 2020

CLARA analytics raises $25m to transform commercial insurance with AI

CLARA analytics, an artificial intelligence technology provider in the commercial insurance industry, has raised $25 million in a Series B funding round, thereby taking its total funding to $36.5 million. The Series More...

By businessnewstoday On Saturday, May 16th, 2020

Insurance brokerage Hub acquires Lashua-LaChance and Hatchett Insurance

Global insurance brokerage Hub International has acquired the assets of Lashua-LaChance & Poliks Insurance Agency for an undisclosed price. Based in Gardner, Massachusetts, Lashua-LaChance is an independent More...

By businessnewstoday On Friday, May 15th, 2020

McGriff expands employee benefits capabilities with Peak Health acquisition

McGriff, a subsidiary of US insurance broker BB&T Insurance, has acquired Peak Health, a provider of workplace health and wellness programs. Peak Health, which is based in Wilson, North Carolina, offers onsite, More...

By businessnewstoday On Friday, May 15th, 2020

Higginbotham acquires Amerman Insurance Services to expand in San Antonio

Texas-based insurance broker Higginbotham has expanded its practice in the San Antonio region by acquiring Amerman Insurance Services for an undisclosed price. Amerman Insurance Services, which is an independent More...

By businessnewstoday On Wednesday, May 13th, 2020

Commonwealth Bank of Australia to sell 55% stake in Colonial First State to KKR

Commonwealth Bank of Australia (CBA) has signed a deal to sell a 55% stake in Australian wealth management group Colonial First State (CFS) to global investment firm KKR for about AUD 1.7 billion ($1.1 billion). Established More...

By businessnewstoday On Monday, May 11th, 2020

SBI General Insurance introduces Arogya Sanjeevani Health Insurance Policy

Indian insurer SBI General Insurance has introduced Arogya Sanjeevani Health Insurance Policy. which offers hospitalization cover anywhere in India with sums insured in the range of Rs. 1 lakh to Rs. 5 lakhs. The More...

By businessnewstoday On Wednesday, May 6th, 2020

American Financial & Automotive Services acquired by Assurant

New York-based insurance company Assurant has acquired American Financial & Automotive Services (AFAS), a provider of auto finance and insurance products and services, for an undisclosed price. American Financial More...

By businessnewstoday On Thursday, April 30th, 2020

Pay As You Drive motor insurance policy launched by Bharti AXA and PolicyBazaar

Pay As You Drive motor insurance policy : Bharti AXA General Insurance and PolicyBazaar.com, an online insurance aggregator, have come together to launch usage-based motor insurance coverage called ‘Pay As You More...