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...
Umbrella liability insurance is crucial for anyone looking to protect assets and nest eggs from lawsuits and litigious fortune hunters.
A troubling call came in to Morgan Stanley's internal hotline in May 2010, the New York Times reports.
Jonathan Bell, chief investment officer at Stanhope Capital, says concerns about insurers and Brexit are overdone by market watchers.
Retirement planning involves more than just managing your budget and growing savings; you need to protect assets by having adequate insurance.
San Francisco- based Zenefits will lay off 106 people, or about 9 percent of the staff, according to an internal memo by Chief Executive Officer David Sacks seen by Reuters. It offers software for free and makes money acting as a health insurance broker, working as the middleman between businesses and providers such as Anthem Blue Cross, and charging a broker fee.
Insurtech may be a new concept for investors, but it’s attracting big names like Warren Buffett.
LAC LA BICHE, Alberta, May 7- Fire-ravaged Alberta will use drones to investigate the cause of a huge blaze that has scorched the Canadian province and displaced some 88,000 people. Elevated Robotic Services, which has also deployed drones for mining and construction companies, has contracts with the Alberta government and insurance broker Hub International...
Software company Zenefits is being investigated by the California Department of Insurance over questions about its business practices.
AIG reported a larger-than-expected quarterly loss and that it is adding a Carl Icahn-linked board member.
China's slowing economy and market rout may capture headlines, but the mainland's debt load is a bigger worry, said top China banking analyst Charlene Chu.
The CEO of Puerto Rican insurance company Ambac fired back at his critics in an exclusive interview with CNBC.
90 percent of Asian consumers believe they lack the financial resources to fund their future care needs, according to a new survey from Swiss Re.
Mark Wilson, CEO of Aviva, explains why Europe's insurance companies are able to compete internationally.
Chemical contamination will hike the insurance bill for last month's blasts in the Chinese port of Tianjin, insurance specialists say.
William Hardcastle, director of Twelve Capital, says there are strong solvency ratios within the insurance sector.
Nick Hungerford, CEO of Nutmeg, discusses Zurich Insurance, which may be considering a takeover bid on British insurer RSA.
New tech startups are leveraging the power of your social network to return insurance back to its communal risk sharing origins.