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News
Dell's Bold Move: A $7.7 Billion Bid for Baldwin Insurance | Business
6+ hour, 9+ min ago (205+ words) Dell's Bold Move: A $7.7 Billion Bid for Baldwin Insurance Devdiscourse Dell's Bold Move: A $7.7 Billion Bid for Baldwin Insurance Dell CEO Michael Dell's DFO Management is set to lead a $7.7 billion acquisition of Baldwin Insurance Group, in a deal valuing…...
Michael Dell Family Firm Nears Takeover of Baldwin Insurance
7+ hour, 50+ min ago (264+ words) DFO Management, the family investment firm of Michael Dell, is reportedly approaching an agreement on September 13, 2026, to acquire publicly traded insurance brokerage The Baldwin Insurance Group Inc. for approximately $4.2 billion. A formal takeover agreement for the NASDAQ-listed company could be…...
Waterdrop: Q2 Revenue Jumps 73% To $213.4 Million As AI Drives Insurance Growth
3+ day, 21+ hour ago (429+ words) Waterdrop reported second-quarter net operating revenue of RMB1.45 billion ($213.4 million), representing a 72.8% year-over-year increase as its insurance business expanded and the company deployed AI across sales, underwriting and other services. Insurance-related income increased 80.5% to RMB1.33 billion ($196.5 million), while operating profit increased 14.3% year…...
Sanlam Reports R224bn in New Business
3+ day, 21+ hour ago (374+ words) Sanlam today announced financial results for the first six months ended on 30 June 2026, reporting strong underlying new business growth and net client cash flows, reflecting growth across all its African and Indian markets. The group’s new business grew 22% to R224 billion…...
Tax benefit boosts Coralisle profits
3+ day, 20+ hour ago (548+ words) Coralisle Group recorded a 38 per cent increase in earnings last year and sold its minority stake in a Trinidadian-based insurer for $11.6 million, the company’s financial statements for 2025 reveal. Net income was $94.7 million in 2025, said Coralisle, up 38 per cent from $68.6 million…...
Allianz revamps wholesale and retail proposition
5+ day, 1+ hour ago (112+ words) Partners& adds Chaseside Insurance Solutions to its stable Lloyd’s H1 GWP up but profits down Tower targets £100m GWP and completes acquisition New Coversure office opens in Southwest NBS to offer cover for thatched homes Renovation Underwriting offers new route to put…...
Profits rocket above??60m at insurance firm Acorn
6+ day, 17+ hour ago (385+ words) Profits rocket above £60m at insurance firm Acorn Insurance firm Acorn Group, which is creating a £10m headquarters at Liverpool’s Royal Albert Dock, reports a huge rise in pre-tax profits to more than £60m with a £46.2m windfall for shareholders. Tony McDonough reports Liverpool…...
CCG: Revenue fell 34.4% as business pivoted to AI-driven, high-margin NEV insurance, with net loss widening
1+ week, 2+ day ago (72+ words) TradingView CCG: Revenue fell 34.4% as business pivoted to AI-driven, high-margin NEV insurance, with net loss widening NEV partnerships and AI-driven product launches fueled a strategic shift to high-margin segments, resulting in a 34.4% revenue decline but improved gross margin. Net loss…...
Underwriters keep arriving after the risk has already been decided
1+ week, 3+ day ago (718+ words) By the time insurers are asked to cover a major infrastructure project, many of the decisions determining how difficult or expensive it will be to insure may already have been made. The Association of British Insurers (ABI) wants government to…...
Empower closes US$340 million Milliman deal
1+ week, 4+ day ago (543+ words) Great-West Lifeco's US subsidiary Empower has closed its acquisition of Milliman's retirement plan and benefits administration business, first announced on June 30. The deal adds roughly 400 defined benefit plans covering about 790,000 participants and US$80 billion in client assets, more than 1,100 defined…...