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Arthur J. Gallagher acquires P&C broker Farallone Pacific Insurance Arthur J. Gallagher & Co. has acquired California-based insurance advisor, Farallone Pacific Insurance Services for an undisclosed price. News
ProAg to acquire International Ag Insurance Solutions Producers Ag Insurance Group, a member of the Tokio Marine HCC (TMHCC) group of companies, has agreed to acquire crop managing general agent (MGA) International Ag Insurance Solutions.
News Arthur J. Gallagher acquires P&C broker Farallone Pacific Insurance By IBR Staff Writer
Arthur J. Gallagher & Co. has acquired California-based insurance advisor, Farallone Pacific Insurance Services for an undisclosed price.
News Chubb names new country president for Chubb Life in Hong Kong Chubb has named Michael Ho as the new country president for Chubb Life in Hong Kong.
Life Insurance & Pensions > News
MetLife extends bundled benefits offering for small businesses MetLife (MET) is extending its curated small-business benefits bundles for the 10-99 employee market.
Life Insurance & Pensions > News Allied World shareholders approve Fairfax’s $4.9bn merger deal By IBR Staff Writer
Fairfax Financial has secured approval from Allied World shareholders for its proposed $4.9bn merger deal.
General Insurance > Commercial lines > News Matic Insurance, BeSmartee team up on streamlining homeowners insurance Matic Insurance Services has partnered with digital mortgage marketplace provider, BeSmartee to help consumers find homeowners insurance policies that best fit their needs.
Technology > Technology in Insurance > News

Latest News and Insight by Sector

General Insurance

Allied World shareholders approve Fairfax’s $4.9bn merger deal
By IBR Staff Writer
Fairfax Financial has secured approval from Allied World shareholders for its proposed $4.9bn merger deal.
General Insurance > Commercial lines > News
Progressive to sell Australian insurance business to Hollard
By IBR Staff Writer
American auto insurer Progressive Direct Insurance has agreed to divest its Australian insurance operations to global insurer Hollard Insurance Company for an undisclosed price.
General Insurance > Personal Lines > News

Life Insurance And Pensions

Chubb names new country president for Chubb Life in Hong Kong
Chubb has named Michael Ho as the new country president for Chubb Life in Hong Kong.
Life Insurance & Pensions > News
MetLife extends bundled benefits offering for small businesses
MetLife (MET) is extending its curated small-business benefits bundles for the 10-99 employee market.
Life Insurance & Pensions > News

Intermediaries

UK's FCA publishes insurance distribution directive consultation
The UK’s Financial Conduct Authority (FCA) has come up with the first of its two consultation papers on the execution of the Insurance Distribution Directive (IDD), which is designed to promote competition among insurance firms and maintain appropriate protection levels for customers across the European Union.
Intermediaries > Brokerage > News
UK’s FCA unveils supervision plans for insurance linked securities
By IBR Staff Writer
The UK’s Financial Conduct Authority (FCA) has unveiled its proposed approach to authorization and supervision of insurance special purpose vehicles (ISPVs), which will facilitate insurance linked securities (ILS) business.
Intermediaries > Brokerage > News

Reinsurance

Sapiens to buy StoneRiver for $102m
Sapiens International has agreed to acquire privately held StoneRiver for nearly $102m in cash, subject to certain adjustments.
Reinsurance > News
Former AIG CEO agrees to pay $9m to settle accounting fraud case
By IBR Staff Writer
Maurice Hank Greenberg, the former CEO of American International Group, has agreed to pay $9m to settle a 12-year-old accounting fraud case.
Reinsurance > News

Technology

Matic Insurance, BeSmartee team up on streamlining homeowners insurance
Matic Insurance Services has partnered with digital mortgage marketplace provider, BeSmartee to help consumers find homeowners insurance policies that best fit their needs.
Technology > Technology in Insurance > News
Fineos, Sequential partner to expand range of consulting services available to ANZ insurance firms
Fineos, a provider of core processing systems for life, accident and health insurance, has partnered with Australian specialist life insurance, superannuation and financial advice management consultancy, Sequential.
Technology > Technology in Insurance > News

Regulatory & Risk

Matic Insurance, BeSmartee team up on streamlining homeowners insurance
Matic Insurance Services has partnered with digital mortgage marketplace provider, BeSmartee to help consumers find homeowners insurance policies that best fit their needs.
Technology > Technology in Insurance > News
Fineos, Sequential partner to expand range of consulting services available to ANZ insurance firms
Fineos, a provider of core processing systems for life, accident and health insurance, has partnered with Australian specialist life insurance, superannuation and financial advice management consultancy, Sequential.
Technology > Technology in Insurance > News