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Insurance Insurance Brokers

  • OSLO, July 7- The insurer of London's Grenfell Tower, where at least 80 people died in a devastating fire, raised its estimate for property and liability insurance claims to 50 million pounds on Friday. Norway's Protector Forsikring the insurance provider for the Royal Borough of Kensington and Chelsea, which owns the building, also said it had been aware...

  • Amid the uncertainty on health care, individual states are taking steps to shore up their own markets. Here's what to expect.

  • NEW YORK/ LONDON, May 19- Companies without cyber insurance are dusting off policies covering kidnap, ransom and extortion in the world's political hotspots to recoup losses caused by ransomware viruses such as "WannaCry", insurers say. Cyber insurance can be expensive to buy and is not widely used outside the United States, with one insurer previously...

  • NEW YORK, May 15- American International Group Inc on Monday named an insurance industry veteran as its new chief executive officer, luring him from the firm he started with a lucrative financial package that includes buying a big piece of his company. In hiring Brian Duperreault, who is 70, AIG is giving into the demands of billionaire investor Carl Icahn, AIG's...

  • LONDON/ NEW YORK, May 14- Many companies outside the United States may not have cover for a recent computer-system attack, leaving them potentially with millions of dollars of losses because there has been relatively little take-up of cyber insurance, insurers say. The overall cost of getting businesses going again could run into the billions of dollars, with...

  • LONDON, April 21- Britain's financial watchdog is investigating five insurance brokers over information-sharing on aviation insurance, the companies said, in one of the first cases of its kind by the watchdog. Aon, Jardine Lloyd Thompson, Marsh, UIB and Willis Towers Watson issued statements saying they were cooperating with the Financial Conduct...

  • LONDON, April 21- Britain's financial watchdog is investigating four large insurance brokers over information-sharing on aviation insurance, the companies said, in one of the first cases of its kind by the watchdog. Aon, Jardine Lloyd Thompson, Marsh and Willis Towers Watson issued statements saying they were cooperating with the Financial Conduct...

  • April 21- Insurance brokers Aon, Jardine Lloyd Thompson and Willis Towers Watson are being investigated by Britain's financial watchdog as part of a wider probe into aviation insurance broking, the companies said. The Insurance Insider reported late on Thursday that the Financial Conduct Authority was investigating five aviation insurance brokers in...

  • April 21- Insurance broker Jardine Lloyd Thompson said on Friday it is under investigation by Britain's financial watchdog as part of a wider probe in to the aviation insurance sector. The Insurance Insider reported late on Thursday that the Financial Conduct Authority was investigating five aviation insurance brokers in London over the misuse of...

  • NEW YORK, April 11- Health benefits broker Zenefits was fined $1.2 million with New York's financial services regulator on Tuesday for letting unlicensed employees solicit, negotiate and sell insurance policies, the latest regulatory blow for the software startup. "DFS takes very seriously any unlicensed activity in the New York insurance market,"...

  • *Deal worth $4.3 billion, including debt. March 17- Private equity firm KKR& Co LP and Canadian pension fund Caisse de dépôt et placement du Québec announced plans on Friday to buy USI Insurance Services from Onex Corp for $4.3 billion, including debt. "It's a sector we like," Caisse Chief Investment Officer Roland Lescure said in an interview.

  • March 17- Private equity firm KKR and Canadian pension fund Caisse de dépôt et placement du Québec agreed to buy USI Insurance Services from Onex Corp in a $4.3 billion deal, including debt. Valhalla, New York- based USI had net debt of about $1.82 billion as of Dec. 31 and generated earnings before interest, taxes, depreciation and amortization of $353 million in...

  • March 17- Private equity firm KKR and Canadian pension fund Caisse de dépôt et placement du Québec agreed to buy USI Insurance Services from Onex Corp in a deal valuing the insurance brokerage at $4.3 billion.

  • 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...