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Insurance
The boards of CF Corporation and Fidelity & Guaranty Life (FGL) approved a definitive merger agreement under which CF Corp. will acquire FGL for a total of approximately $1.84 billion, plus the assumption of $405 million of existing debt. 25 May 2017
Insurance
One of the outcomes of the increased regulatory burden that has been imposed on insurers in recent years, exacerbated by Solvency II, has been the forcing of smaller insurers to consider either converting into agencies, thus avoiding a big part of the burden, or selling out to bigger players. 12 September 2016
Insurance
European insurers are accelerating their investment into infrastructure, and Aviva’s plan to more than treble its exposure to infrastructure emphasises this trend, according to Fitch Ratings. 10 November 2016
Insurance
Specialty re/insurance provider Lancashire Holdings has called 2016 a difficult year, with net operating profits falling 17 percent compared to 2015. 16 February 2017
Insurance
Genworth Financial, the US financial services company with substantial insurance operations, has become the latest insurer to be acquired by investors from Asia. It has been acquired by China Oceanwide for approximately $2.7 billion. 25 October 2016
Insurance
Softening rates in the mainstream reinsurance market have driven players to seek growth in alternative lines. Focusing on one of those lines—excess and surplus—Intelligent Insurer looks at new entrants seeking a part of the action and asks whether this market has the sustainability for increased capacity. 1 May 2015
Insurance
The first estimates have been released of the anticipated industry insured losses from the M7.1 earthquake that struck central Mexico on September 19. 25 September 2017
Insurance
Catastrophe losses stemming mainly from the three the hurricanes and wildfires that hit the US last year cost Berkshire Hathaway some $3 billion and led to heavy underwriting losses in its re/insurance units. But Warren Buffett, the company’s chairman, was quick to stress that such years are rare and prior to 2017 the company had recorded 14 consecutive years of underwriting profits. 26 February 2018
Insurance
US retail insurance broker William Gallagher Associates (WGA) has launched an open source cyber risk centre. 24 February 2015
Insurance
The way in which insurance companies operate is the polar opposite of Generation Y (millennials), a generation synonymous with technology and social media. 22 September 2017
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