Insurance
Insurance Brokers
HONG KONG, July 24- The Hong Kong stock exchange has rejected the IPO application of AMTD Strategic Capital Group, a corporate insurance broker backed by Morgan Stanley's private equity arm. The Hong Kong company, controlled by AMTD Asia, filed in May for the IPO, which Thomson Reuters publication IFR said could total $200 million. AMTD Strategic Capital is 79...
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.
Blackstone has agreed to acquire insurance broker Aon's employee benefits outsourcing business for around $4.8 billion.
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.
