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...
Although it's important to have insurance to protect against risk, there is a cost — not just in dollars — to carrying too much coverage.
Most people know they need home, auto and health insurance, but confusion arises with non-required coverage, such as long-term care.
Whether married or single, already a parent or not, millennials should consider buying life insurance as part of sound financial planning.
Start-ups, such as Lemonade and Teambrella, are using peer-to-peer strategies to disrupt to the trillion-dollar insurance industry.
Umbrella liability insurance is crucial for anyone looking to protect assets and nest eggs from lawsuits and litigious fortune hunters.
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.
Insurtech may be a new concept for investors, but it’s attracting big names like Warren Buffett.
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.