Tag: Insurance industry news
Aviva to acquire Canadian vehicle replacement insurance provider Optiom
Aviva plc has announced its acquisition of Optiom O2 Holdings Inc, commonly known as Optiom, for a consideration of approximately £100 million (about CAD$170 million). ... Read More
Karnataka Bank, HDFC Life forge partnership for life insurance solutions
Karnataka Bank has announced a strategic corporate tie-up with HDFC Life, one of India's leading life insurance providers. This partnership is designed to offer a ... Read More
Allianz Q3 2023 earnings: Operating profit declines by 14.6%, shareholders’ net income drops 29.3%
In the third quarter of 2023, German insuranc giant Allianz achieved a significant increase in its business volume, reporting a 4.5 percent rise to 36.5 ... Read More
LIC reports record profit after tax of Rs 17,469cr in H1-FY 2024
Life Insurance Corporation of India (LIC) has announced a groundbreaking financial performance for the half year ended September 30th, 2023, in H1-FY 2024. The Profit ... Read More
Arthur J. Gallagher expands in New York with acquisition of Evans Agency
In a significant move to expand its market presence in the Northeastern United States, Arthur J. Gallagher & Co. has entered into a definitive agreement ... Read More
Keaney Insurance Brokers joins Arthur J. Gallagher & Co. following strategic acquisition
In a move to bolster its service offerings in Ireland, Arthur J. Gallagher & Co. has acquired Keaney Insurance Brokers Ltd, a Dublin-based commercial insurance ... Read More
Travelers Companies to acquire cyber insurance leader Corvus for $435m
In a strategic move to enhance its cybersecurity insurance offerings, The Travelers Companies, Inc. (NYSE: TRV) has entered an agreement to acquire Corvus Insurance Holdings, ... Read More
Zurich Insurance to acquire majority stake in Kotak Mahindra General Insurance for $488m
Zurich Insurance Group has made a groundbreaking move by announcing its proposed acquisition of a 51% stake in Kotak Mahindra General Insurance Company Limited, one ... Read More
RenaissanceRe finalizes $3bn acquisition of AIG’s Validus Re
RenaissanceRe Holdings Ltd. (NYSE: RNR) today achieved a major milestone in its growth strategy by concluding the acquisition of Validus Re, the treaty reinsurance arm ... Read More
Alliant Insurance Services expands in Oklahoma with Commercial Risk Group acquisition
Alliant Insurance Services has announced its acquisition of Commercial Risk Group (CRG), a retail property and casualty (P&C) insurance agency based in Broken Arrow, Oklahoma. ... Read More