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News
Tokio Marine plots multibillion-dollar deal after Berkshire takes stake
2+ week, 6+ day ago (737+ words) Pursuing a multibillion-dollar international takeover is part of chief executive Masahiro Koike’s push...Suncorp and IAG have market capitalisations of about US$14 billion and US$13 billion, respectively....Intact is worth about US$34 billion....Marine has made five large-scale international…...
HDI Global backs US broker push with new CEO and solid H1 results
3+ week, 5+ day ago (434+ words) He succeeded Jim Clark, who led the US operation for 23 years...."The next phase of HDI Global's development in the United States is already underway," Albert said....HDI Global's US push under Xcelerate29 Albert said the US operation would invest in…...
Aegon sets October vote on move to the US that will eventually retire the Aegon name
1+ week, 5+ day ago (394+ words) the shareholder vote that will decide whether it goes ahead with relocating from Bermuda to the United States...That deal is due to close around the end of 2026, on a similar timeline to the US redomiciliation vote..., running until whichever…...
One in three employer compensation dollars now goes to benefits
4+ day, 5+ hour ago (295+ words) Benefits now account for exactly 30 percent of what private-sector employers pay per hour worked - $14.07 of a $46.89 total, according to the Bureau of Labor Statistics' Employer Costs for Employee Compensation (ECEC) report for June. Wages made up the remaining 70 percent, at…...
Healthify merges with US nutrition care firm Berry Street, to build insurance-covered AI health platform
2+ week, 6+ day ago (821+ words) Khosla Ventures-backed Healthify has merged with US nutrition care company Berry Street in a stock-linked...together Healthify’s AI technology and Berry Street’s insurance and clinical infrastructure in the US...combined company will operate as the Berry Street Healthify Group, with…...
How five South-East states abandoned Universal Insurance till death
3+ week, 10+ hour ago (256+ words) …as policyholders hang hope on liquidator The irony is that the amount required to keep the company alive was not extraordinary by the standards of Nigeria’s insurance industry. N15 billion was the minimum capital threshold prescribed for non-life insurers under the…...
'Not sustainable': Some U.S. small businesses forced to drop health-insurance coverage amid skyrocketing
5+ day, 15+ hour ago (345+ words) Health insurance costs have been surging across the U.S., with average family premium costs climbing...The majority of U.S. small businesses, 98%, currently offering health insurance are concerned that healthcare...Benefits consultant Aon expects U.S. employer healthcare costs to rise 9.5% next year, pushing average......
Ebix Launches Ebix Meridian, a New Operating Platform for U.S. Financial Advisory Firms
6+ day, 1+ hour ago (357+ words) - Ebix, Inc. today announced the launch of Ebix Meridian, a new operating platform for independent U.S....Sethi added, "We expect Ebix Meridian to create a meaningful new revenue opportunity for Ebix in the U.S....
Sun Life partners with American company to form new reinsurer
1+ week, 6+ day ago (261+ words) Re, to form Windsor Life Re, to manage Wilton Re’s core, in-force life and annuity block in the United States...“At scale, Windsor Life Re is anticipated to grow to approximately US$10-billion in assets,” the company...will see Sun…...
Munich Re to acquire US cyber insurance provider At-Bay for $575 million
3+ week, 5+ day ago (164+ words) The Lufkin Daily News Munich...REUTERS/Dado Ruvic/Illustration BERLIN, Aug 19 (Reuters) - Munich Re will acquire the U.S....