Tag archive for ‘Insurance industry news’
By businessnewstoday On Tuesday, December 10th, 2019

Phoenix Group to acquire ReAssure from Swiss Re for £3.2bn

(adsbygoogle = window.adsbygoogle || []).push({}); Phoenix acquisition of ReAssure : Life consolidator Phoenix Group has signed a cash-cum-stock deal worth £3.25 billion to acquire UK-based life More...

By businessnewstoday On Monday, November 25th, 2019

Swiss insurer Chubb to increase stake in Huatai Insurance in $1.5bn deal

Swiss insurance company Chubb has agreed to purchase an additional stake of 15.3% of China-based Huatai Insurance Group, as per the latest insurance acquisition news. Huatai Insurance Group is the holding company More...

By businessnewstoday On Wednesday, November 13th, 2019

Inszone Insurance Services acquires Jones Wilson Insurance in Arizona

Inszone Insurance Services, a California-based personal and commercial lines insurance provider, has acquired Arizona-based Jones Wilson Insurance for an undisclosed price, as per the latest insurance acquisition More...

By businessnewstoday On Monday, October 7th, 2019

US insurtech company Gradient AI raises $6m in Series A round

US insurtech company Gradient AI, which uses artificial intelligence-based solutions, has secured $6.0 million in a Series A financing round led by Forte Ventures and Sandbox Insurtech Ventures. The financing round More...

By businessnewstoday On Monday, September 30th, 2019

Arthur J. Gallagher to acquire LSG Insurance Partners

Gallagher acquisition of LSG Insurance Partners : Global insurance brokerage firm Arthur J. Gallagher & Co. (Gallagher) has agreed to acquire Michigan-based LSG Insurance Partners for an undisclosed price, as More...

By businessnewstoday On Friday, September 27th, 2019

Everest Insurance takes full ownership of Canadian IT firm Salus Systems

Everest Insurance has taken full ownership in Canadian IT company Salus Systems by acquired the stake it previously didn’t own in the latter, as per the latest insurance acquisition news. Salus Systems was founded More...

By businessnewstoday On Sunday, September 8th, 2019

American Investment Strategies acquired by Integrity Marketing Group

Integrity Marketing Group acquired American Investment Strategies (AIS), an insurance marketing organization based in Ohio, for an undisclosed amount. American Investment Strategies provides a range of personal More...

By businessnewstoday On Saturday, September 7th, 2019

Markel launches new retrocessional ILS fund manager Lodgepine Capital

US insurance holding company Markel has launched Lodgepine Capital Management – its new retrocessional insurance linked securities fund manager (retrocessional ILS fund manager) in Bermuda, along with a reinsurance More...

By businessnewstoday On Thursday, August 29th, 2019

UK has 1,300 insurance scams uncovered every day, finds ABI report

UK Insurance industry news : The UK witnesses 1,300 insurance scams uncovered every day with the average con being £12,000, as per the annual detected fraud figures published by The Association of British Insurers More...

By Raghuram Kadari On Wednesday, August 28th, 2019

Life insurance startup Ethos secures $60m in Series C financing

Ethos, a US-based life insurance fintech startup, has secured a $60 million investment in a Series C financing, bringing the total funding till date to over $100 million, as per the latest insurtech news. The funding, More...