Bank Completes Sale of Eastern Insurance to Gallagher November 1, 2023 Eastern Bankshares, Inc., the stock holding company for Eastern Bank, has completed the previously disclosed sale of its insurance operations,...
Hamilton Insurance Targets Up to $2B Valuation in IPO November 1, 2023 Hamilton Insurance Group is targeting a valuation of up to $2 billion in its U.S. initial public offering, the specialty...
Largest Decline Ever in Agency M&A Through First Three Quarters: OPTIS November 1, 2023 Investment banking and financial firm OPTIS Partners said the count of agency mergers and acquisitions through the first three quarters...
UK’s Ardonagh Acquires Commercial Broker for SMEs in Switzerland November 1, 2023 The Ardonagh Group, the London-based independent insurance distribution platform, has agreed to acquire ASSEPRO, the largest independent commercial broker for...
Whistleblower Says Southern Co. Should Repay $382M for Failed Clean Coal Plant November 1, 2023 (AP) — A former employee is suing to force a Mississippi utility to repay $382 million that the federal government...
Insurtech Layr Closes $10M Funding to Expand Reach for Brokerage Platform November 1, 2023 Layr, an Atlanta-based insurtech that promises to digitize insurance brokerage operations, said it has raised $10 million to expand operations,...
NC Commissioner Fires Top Fire Marshal Officials as Feud with Lawmakers Continues November 1, 2023 North Carolina Insurance Commissioner Mike Causey appears to have escalated a feud with lawmakers, firing three officials at the state...
Global Insurance Prices Continue to Stabilize in Q3 as US Cyber Premiums Drop: Marsh November 1, 2023 Global commercial insurance prices increased 3% in the third quarter of 2023, the same as the prior quarter, according to...
Verisk Tops Q3 Expectations on Resilient Demand From Insurers November 1, 2023 Verisk Analytics beat market expectations for third-quarter revenue and profit on Wednesday, as more insurance companies used its products to...
Southern California Wildfire Prompts Evacuation Order for Thousands as Winds Fuel Flames November 1, 2023 A wildfire fueled by Santa Ana winds ripped through rural land southeast of Los Angeles, forcing about 4,000 people from...