Tag: Insurance industry news

abrdn to offload 4% stake in UK insurer Phoenix Group for £264m

businessnewstoday- January 28, 2022 0

UK-based investment company abrdn (formerly Standard Life Aberdeen) said that it will sell nearly 40 million ordinary shares in Phoenix Group Holdings, which is a ... Read More

TRISTAR Insurance buys Risico Claim Management and Total Managed Care

businessnewstoday- January 24, 2022 0

TRISTAR Insurance Group, an American third-party claims administrator (TPA), has signed a deal to acquire Risico Claim Management and Risico Total Managed Care’s self-insured book ... Read More

Tech Mahindra acquires Com Tec Co IT for €310m, invests in two insurtechs

businessnewstoday- January 17, 2022 0

Tech Mahindra has acquired Com Tec Co IT Ltd (CTC), a European IT solutions and service provider, for €310 million. The consideration includes earnouts and ... Read More

Inszone Insurance Services acquires Lamb, Little & Co.

businessnewstoday- January 16, 2022 0

Inszone Insurance Services, a US-based provider of benefits, personal and commercial lines insurance, has acquired Illinois-based Lamb, Little & Co. for an undisclosed price. The ... Read More

Pacific Redwood Insurance acquired by Inszone Insurance Services

businessnewstoday- January 16, 2022 0

Inszone Insurance Services, a California-based insurance brokerage firm, has acquired Pacific Redwood Insurance, for an undisclosed price. Pacific Redwood Insurance, which is based in Pacifica, ... Read More

Marsh raises stake in Marsh India Insurance Brokers to 92%

businessnewstoday- December 26, 2021 0

US-based insurance broker and risk advisor Marsh said that it has raised its stake in Marsh India Insurance Brokers from 49% to 92%. Marsh India ... Read More

TCS to drive digital transformation of Swiss insurer la Mobiliere

businessnewstoday- December 23, 2021 0

Tata Consultancy Services (TCS) has been roped in by Swiss non-life insurer la Mobiliere for driving its digital transformation program. La Mobiliere, which is following ... Read More

Covéa to acquire reinsurance company PartnerRe from Exor for $9bn

businessnewstoday- December 19, 2021 0

French mutual insurer Covéa has agreed to acquire Bermuda-based reinsurance company PartnerRe from Dutch holding company Exor for $9 billion in an all-cash deal. Founded ... Read More

Generali to launch cyber insurance solutions for corporates and SMEs

businessnewstoday- December 16, 2021 0

Italian insurance giant Generali has joined forces with Accenture and Vodafone Business to launch cyber insurance solutions for corporate and small and mid-size enterprise (SME) ... Read More

Real Estate Insurance Solutions acquired by Arthur J. Gallagher

businessnewstoday- November 30, 2021 0

Global insurance brokerage Arthur J. Gallagher & Co. has acquired Real Estate Insurance Solutions, based in Park City, Utah. The financial terms of the deal ... Read More