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General Insurance

Hartford to sell life and annuity business Talcott for $1.4bn Property and casualty insurance firm The Hartford has reached an agreement to sell its run-off life and annuity businesses Talcott Resolution to a group of investors led by Cornell Capital for $1.443bn in an all-cash deal. Life Insurance & Pensions > News

Latest General Insurance News by Sector

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Commercial Lines

Lloyd’s selects REG (UK) to assist in reducing administrative burden of coverholder compliance
Lloyd’s has selected REG to assist in recording data and to help reduce the administrative burden on UK coverholders.
General Insurance > Commercial lines > News
BHSI introduces financial institution professional indemnity insurance in Asia
Berkshire Hathaway Specialty Insurance Company (BHSI) has introduced Professional First Financial Institution Professional Indemnity (FIPI) Insurance in Asia.
General Insurance > Commercial lines > News

Claims

Charles Taylor buys third party claims administrator Metro Risk Management
By IBR Staff Writer
UK-based Charles Taylor has purchased a Southern California-based third party claims administrator (TPA) Metro Risk Management (MRM) from Nautilus International in an effort to widen its US workers compensation claims capabilities.
General Insurance > Claims > News
Warburg Pincus invests in SCM Insurance
Canadian privately owned insurance services provider SCM Insurance has received investment fund from global private equity firm Warburg Pincus.
General Insurance > Claims > News

Personal Lines

CVS Health to acquire US health insurer Aetna for $69bn
By IBR Staff Writer
CVS Health has agreed to acquire American health insurer Aetna for $69bn in a move to address rising healthcare expenditure by providing less expensive medical services across pharmacies.
General Insurance > Personal Lines > News
Markel completes acquisition of EC Insurance
By IBR Staff Writer
Markel International has completed the acquisition of EC Insurance after securing approvals from the Prudential Regulation Authority in the UK.
General Insurance > Commercial lines > News

Insurer

Allianz Life names new assistant vice president of treasury
By IBR Staff Writer
Allianz Life Insurance Company of North America has named Sarah Schaus as the new assistant vice president of treasury.
Life Insurance & Pensions > News
Quinn Direct rebranded as Liberty Insurance
By IBR Staff Writer
Boston-based diversified insurer Liberty Mutual Group and Irish Bank have renamed Quinn-Direct Insurance as Liberty Insurance.
General Insurance > Commercial lines > News