Chinese Insurtech Waterdrop Seeks $360M in New York IPO May 3, 2021 By Scott Murdoch HONG KONG — Chinese online insurance technology firm Waterdrop Inc. aims to raise up to $360 million in an initial...
Fidelity Slashes Valuation of Restructured Ant Group of China May 3, 2021 By Aaron Saldanha U.S. asset manager Fidelity Investments has cut its valuation of Chinese financial technology giant Ant Group in half in its...
Amwins Acquires Equine, Canine Specialist Broker Equisure May 3, 2021 Specialty broker Amwins Group said it has agreed to acquire Equisure, Inc., a Colorado-based specialist in insurance programs for horse...
Nexus Signs Delegated Authority Deal With Allianz Global Corporate & Specialty May 3, 2021 Allianz Global Corporate & Specialty (AGCS) and Nexus Group announced a four year strategic underwriting and claims delegated authority agreement...
Gallagher Acquires Australia’s Mutual Brokers May 3, 2021 Insurance broker Arthur J. Gallagher & Co. said it has acquired Mutual Brokers Pty Ltd., a Canberra, Australian Capital Territory...
Alera Group Acquires California’s Adamson & McGoldrick Insurance May 3, 2021 Alera Group, a financial services and risk management company based in Deerfield, Illinois, has acquired Adamson & McGoldrick Insurance Solutions,...
9th Circuit Lifts Stay on Labor Law Classifying Truck Drivers as Employees May 3, 2021 By Jim Sams A federal appellate court on April 28 reversed a ruling that prevented California from enforcing a new labor law that...
Nevada Lawmakers Weigh Fire-Fighting Liability, Coordination May 3, 2021 By Sam Metz Nevada lawmakers on April 28 heard three proposals about changing liability laws and helping fire-fighting agencies coordinate their responses. As...
Washington Deputy Allowed Homicide by Not Arresting Armed Man, Lawsuit Charges May 3, 2021 The wife of a Spokane County, Wash., man killed by his neighbor is suing Spokane County, alleging a sheriff’s deputy’s...
Swiss Re Scores Profit Despite COVID Death Claims, Catastrophe Losses May 3, 2021 By Andrew G. Simpson Swiss Re reported consolidated net income of USD 333 million in the first quarter of 2021, despite heightened losses in...