Brookfield Reinsurance and American Equity Investment Life Holding Company announced that they have entered into a definitive agreement whereby Brookfield Reinsurance will acquire all of the outstanding shares of common stock of AEL it does not already own in a cash and stock transaction that values AEL at approximately $4.3 billion. As part of the agreement, each AEL shareholder will receive $55.00 per AEL share, consisting of $38.85 in cash and 0.49707 of a Brookfield...
Ping An Insurance Company of China, Ltd. (“Ping An” or the “Group”, HKEx:2318; SSE:601318) has emerged as a standout among nearly 1,600 Chinese companies for its commitment to long-term sustainability and exemplary ESG practices. The company was selected in the S&P Global Sustainability Yearbook 2023 (China Edition). Ping An was the sole insurance company to be included in the “Best 1% of Chinese Companies in S&P Global ESG Score” for its exceptional performance in environmental, social and...
1891 Financial Life has been awarded on the Forbes list of the Best Insurance Companies 2023. This prestigious award is presented by Forbes and Statista Inc., the world-leading statistics portal and industry ranking provider. The awards list was announced on June 6th, 2023, and can currently be viewed on the Forbes website. World’s Best Insurance Companies 2023 were determined based on an independent survey from a vast sample of over 30,000 consumers in 15 different countries....
World Insurance Associates LLC (“World”), a Top 50 Insurance Brokerage, announced that it acquired the business of M. Adams & Associates, Inc. (“M. Adams”) of Hazlet, NJ on June 1, 2023. Terms of the transaction were not disclosed. M. Adams & Associates, Inc. was established in 1991. Their mission is to find quality, competitive insurance products tailored to their customer’s specific needs. They conduct business with their core values of honesty, integrity, respect, and accountability...
INSUREtrust’s new Cyber Pre-Check marks SecondSight’s penetration into wholesale distribution
Tarci, a continuous intelligence platform that generates dynamic SMB data, is pleased to announce the launch of the Tarci for P&C Insurance Services data suite. This advanced new suite of SMB data modules is designed to inform sales, marketing, risk, and underwriting strategies for a variety of Insurance services. By combining accurate, up-to-date SMB profiles with data-derived insights, Tarci has developed a series of data modules that identify SMBs with material risk changes impacting 4 types of...
Success with Shift Claims Fraud Detection solutions leads to adoption of Shift Subrogation Detection
New Funds will Accelerate Federato's Growth and Support Its Mission to Bring Efficient Underwriting and Data-Driven Portfolio Management to P&C and Specialty Insurance
Alliance Group, a leading Insurance Marketing Organization based in Lawrenceville, Georgia has forged a strategic partnership with AIMCOR Group and announced its intent to become a member of AIMCOR Group, LLC, a National Insurance Marketing Organization that distributes and services life, disability, LTC and annuity products through a variety of independent, institutional, and alternative channels. Through this new partnership, Alliance Group will bring its highly touted Living Benefits marketing and training programs to AIMCOR members, while instantly bolstering...
Ambac Financial Group, Inc, a financial services holding company, announced the appointment of Kristi A. Matus and Michael D. Price as members of its Board of Directors, effective today. Ms. Matus will be a member of the Board’s Audit and Compensation committees, while Mr. Price will be a member of the Audit and Strategy committees. “We are pleased to welcome Kristi Matus and Michael Price to Ambac’s Board of Directors,” said Jeffrey S. Stein, Chairman...
