AmTrust, Ex-CFO Fined for Improper Disclosure
The SEC says former finance chief Ronald Pipoly failed to properly disclose the company’s process for reporting management’s best estimate of loss reserves.
SelectQuote Files for IPO
The online insurance broker is looking to raise $342 million that could value the company at more than $3 billion.
Chinese Province Offers Coronavirus Coverage
The business insurance provided by Hainan province will serve as a "‘social stabilizer' and help companies to come through difficult times.”
Prudential to Buy Insurance Tech Startup for $2.35B
The insurance giant said Assurance IQ will help it target difficult-to-reach markets.
In Blockchain They Trust
The technology’s transparency and immutability allow competitors to share data and industries to build credibility with consumers.
Insurance Alternative Rises
Unlike traditional insurance, “parametric” coverage pays out after a triggering event, regardless of actual losses.
Cigna to Buy Express Scripts in Big PBM Move
The $54 billion deal is the latest move by an insurer to cut health care costs by bringing pharmacy benefits and medical claims under one roof.
AXA Buys XL for $15B to Boost P&C Business
The deal is a "unique strategic opportunity" for the French insurance giant to diversify away from life and savings products.
AmTrust Financial to Go Private for $2.7B
The buyout comes after a "rocky year" for the insurer, which was forced to restate its financials due to a series of accounting errors.
Beijing Seizes Control of Anbang Insurance
China's move against the owner of the Waldorf Astoria "appears to be an unprecedented takeover — a Chinese-style hostile takeover."
Kemper to Buy Infinity Auto Insurer for $1.3B
The deal will create "a leader in nonstandard auto insurance" for drivers who may have been denied coverage by standard insurers.