AXA to Sell Belgian Bank Unit to Crelan for $689.5M, Forms Bancassurance Deal October 25, 2019 AXA announced it has entered into an agreement to sell its Belgian banking operations, AXA Bank Belgium, to Crelan Bank...
EverQuote Hires Shankaran as Executive Vice President of Commercial Insurance October 25, 2019 EverQuote Inc., a Cambridge, Mass.-based, online insurance marketplace in the U.S., has hired Shivi Shankaran as executive vice president of...
Connecticut’s Smith Brothers Insurance Hires Wohlers October 25, 2019 Smith Brothers Insurance, a Glastonbury, Conn.-headquartered independently operated insurance broker, has hired Karen Smith Wohlers. She will be responsible for...
Massachusetts Sues Exxon for Misleading Investors, Consumers About Climate Change October 25, 2019 By Nate Raymond The state of Massachusetts sued Exxon Mobil Corp on Thursday, accusing the oil giant of misleading investors and consumers for...
Reinsurance Fraud Triggers Stock Plunge in Lehman-Founded Hungarian Insurer October 25, 2019 By Veronika Gulyas Hungarian insurer Cig Pannonia Nyrt., which lists Lehman Brothers as one of its founders, lost as much as a quarter...
Arthur J. Gallagher Finalizes Purchase of Stake in India Broker Edelweiss October 25, 2019 Arthur J. Gallagher & Co., the Rolling Meadows, Ill.-based broker, announced it has completed the purchase of a minority stake...
Ping An Q3 Profit Jumps 50% on Higher Investment Returns, Bank Income October 25, 2019 By Bloomberg News Ping An Insurance (Group) Co., China’s largest insurer by market value, said third-quarter profit jumped 50% thanks to higher investment...
Insurtech Funding Reaches $4.4 Billion to Date in 2019, Blowing Past Full-Year 2018 October 25, 2019 Insurtech funding levels, reaching almost $4.4 billion in worldwide funding commitments through three quarters of the year, has already surpassed...
Regulator Orders Further Decrease to Proposed Florida Workers’ Comp Rates October 25, 2019 By Amy O'Connor Florida businesses can expect an even greater decrease in workers’ compensation insurance next year, thanks to an order by the...
Profit Lessons in Commercial Auto, Workers Comp and Other Business October 25, 2019 By Susanne Sclafane Progressive has a competitive edge over long-term players in the commercial auto insurance market and national carriers outpace regionals on...