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Genworth Financial and China Oceanwide Holdings Group have said they are still hopeful a deal can be achieved – despite well over a year having passed since the companies first unveiled a deal that would see the Chinese company buy Genworth for $2.7 billion. 5 January 2018
Insurance
The Insurance Commissioner of California has called for changes in the law that will ensure improved availability of fire insurance in the aftermath of the wildfires in the state and some insurers’ reluctance to cover this risk. 5 January 2018
Insurance
CLARA Analytics, an artificial intelligence (AI) and data science company focused on the property/casualty and disability insurance industries, has raised $11.5 million of Series A funding round led by Oak HC/FT, a private equity fund that invests in healthcare information & services and financial services technology. 5 January 2018
Insurance
AM Best will maintain a stable outlook on the personal lines segment of the US property/casualty industry for 2018. 5 January 2018
Insurance
Specialist insurer Beazley has appointed an experienced marine underwriter to help grow its newly-launched US platform. 4 January 2018
Insurance
US personal lines insurer Allstate has made three senior leadership promotions ahead of its president Matt Winter retiring in late February after eight years at the company and a 25-year career in insurance. 4 January 2018
Insurance
Ryan Specialty Group is to acquire the assets and operations of Kerwick & Curran (K&C), a wholesale insurance brokerage. 4 January 2018
Insurance
Actuarial firm Milliman has released a new software platform, which it describes as the next generation of advanced analytics software for loss reserving for the insurance and reinsurance industry. 4 January 2018
Insurance
Sompo International's US insurance platform has reached an agreement to purchase the operating subsidiaries of Lexon Surety Group. 4 January 2018
Insurance
Armour, a P&C run-off insurance business, has raised some $500 million in equity commitments in partnership with an investor group led by Aquiline Capital Partners, a New York-based private equity firm. It will form a new reinsurer with the money. 4 January 2018
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