Archive

Ageas confirms £3bn bid to acquire Direct Line

But Direct Line board rejects bid saying it undervalues the group

California passes NAIC annuities bill criticised by campaigners

State bill is counter to DoL proposal which industry has shunned

Australian health insurers grow membership, but also claims, during 2023

Aioi Nissay Dowa to cover costs of generative AI risks

Cover ranges from legal costs to "sympathy payments" to generative AI's victims

SJP's surrenders topped £7.5bn in 2023

Consumer champ Birny Birnbaum exits NAIC advocacy role with "little or no progress made in 20 years"

The NAIC is "where consumer protection goes to die," he says in parting shot at regulator

Munich Re commits to covering "existential risks" but excludes systemic cyber and pandemic threats

The reinsurer posted €4.6bn profits for 2023

Insurers are "sheep banging their heads against an electric fence" when setting premiums

Stella Insurance CEO Sam White advocated the use of telematics to help measure risk

UK insurers announce 10-step plan to address soaring cost of motor cover

Association of British Insurers suggests action from insurers, government and regulators

Pessimism about business climate faded for German insurers in Q4 2023