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Insurance Insurance Brokers

  • NEW YORK, Feb 15- Some good money news rolled in with the New Year: Life insurance could be cheaper in 2017.. For example, USAA says a healthy 40- year-old with a $500,000 policy for 20 years would pay $36.65 per month now for a typical policy, down 1.1 percent from last year's pricing. It usually takes three to four months companies to file required paperwork to make...

  • Feb 10- Insurance broker Aon Plc said on Friday it agreed to sell its employee benefits outsourcing business to private equity firm Blackstone Group LP for up to $4.8 billion. Blackstone will pay $4.3 billion upfront and up to an additional $500 million based on future performance. The company said it expects to use part of the proceeds to buy back shares and...

  • Blackstone has agreed to acquire insurance broker Aon's employee benefits outsourcing business for around $4.8 billion.

  • Feb 10- Insurance broker Aon PLC said on Friday it agreed to sell its benefits administration and HR BPO platform to private equity firm Blackstone Group LP for $4.3 billion in cash. The repurchase program has been increased by $5 billion, bringing the total amount currently authorized for repurchases to about $7.7 billion as of Feb. 10, Aon added.

  • Feb 10- Insurance broker Aon PLC said on Friday it agreed to sell its benefits administration and HR BPO platform to private equity firm Blackstone Group LP for $4.3 billion in cash. The repurchase program has been increased by $5 billion, bringing the total amount currently authorized for repurchases to about $7.7 billion as of Feb. 10, Aon added.

  • Feb 10- Insurance broker Aon PLC said on Friday it agreed to sell its benefits administration and HR BPO platform to Blackstone Group LP for $4.3 billion in cash. Aon said it expected the deal to improve its return on invested capital and add to adjusted earnings per share in 2018.. The repurchase program has been increased by $5 billion, bringing the total amount...

  • NEW YORK, Feb 9- Private equity firm Blackstone Group LP has agreed to acquire insurance broker Aon Plc's employee benefits outsourcing business for around $4.8 billion, people familiar with the matter said on Thursday. Blackstone prevailed over buyout firm Clayton Dubilier& Rice LLC in an auction for the benefits administration and human resources...

  • SAN FRANCISCO, Feb 9- Zenefits is laying off nearly half its staff as the software startup grapples with the fallout of insurance violations that resulted in hefty penalties from state regulators. Employees were alerted to the layoffs in a memo sent by Jay Fulcher, who started as the San Francisco- based company's CEO on Monday. Fulcher said Zenefits would move...

  • **Insurance broker Aon Plc is in advanced talks to sell its employee benefits outsourcing unit to buyout firm Clayton Dubilier& Rice LLC for nearly $4.5 billion, people familiar with the matter said on Thursday. **FirstEnergy Corp said on Thursday it would sell four gas-generating plants in Pennsylvania and portion of a Virginia hydroelectric power station to a...

  • **Insurance broker Aon Plc is in advanced talks to sell its employee benefits outsourcing unit to buyout firm Clayton Dubilier& Rice LLC for nearly $4.5 billion, people familiar with the matter said on Thursday. **FirstEnergy Corp said on Thursday it would sell four gas-generating plants in Pennsylvania and portion of a Virginia hydroelectric power station to a...

  • Jan 19- Insurance broker Aon Plc is in advanced talks to sell its employee benefits outsourcing unit to buyout firm Clayton Dubilier& Rice LLC for nearly $4.5 billion, people familiar with the matter said on Thursday. The divestiture would undo much of Aon's 2010 acquisition of human resources services provider Hewitt Associates Inc for $4.9 billion,...

  • *Ships exposed through GPS systems, have limited back-up. *Cyber insurance typically doesn't cover jamming, property damage. LONDON, Jan 12- Shipping companies grappling with the threat of cyber attacks on vessels are finding insurance policies often fall short, officials involved in both industries say, a risk that could feed through into global prices.

  • Although it's important to have insurance to protect against risk, there is a cost — not just in dollars — to carrying too much coverage.

  • SAN FRANCISCO, Nov 28- Software company Zenefits has been fined $7 million by California's insurance regulator, marking the biggest penalty yet for the startup that has faced multiple investigations for flouting insurance laws. The company offers free software to businesses and makes money acting as a health insurance broker, working as the middleman...

  • Couple doing paperwork

    Most people know they need home, auto and health insurance, but confusion arises with non-required coverage, such as long-term care.

  • In a hospital bed, Life insurance warnin

    Whether married or single, already a parent or not, millennials should consider buying life insurance as part of sound financial planning.

  • TORONTO, Oct 12- Canadian health benefit startup League Inc said on Wednesday it has teamed up with the insurance arm of backer Royal Bank of Canada as it expands into insurance, targeting the many small businesses offering no such benefits to employees. The company received a license on Friday to operate as an insurance broker in Ontario and expects to obtain...

  • insurance

    Start-ups, such as Lemonade and Teambrella, are using peer-to-peer strategies to disrupt to the trillion-dollar insurance industry.

  • MONACO, Sept 13- Insurance executives meeting in Monaco are preparing for another wave of mergers and acquisitions, driven by competition and new money entering the market and driving down returns. Eye-watering valuations, such as the 2.4 times book value Japanese insurer Mitsui Sumitomo paid for Lloyd's insurer Amlin in a 3.5 billion pound deal last year, had...

  • Sept 8- The insurance brokerage Willis Towers Watson Plc has agreed to pay $120 million to settle litigation accusing it of helping now-imprisoned Texas financier Allen Stanford run a $7.2 billion Ponzi scheme, court papers show. The papers, in which Willis denied wrongdoing, were filed on Wednesday with the federal court in Dallas. In a lawsuit, investors and a...