Browsing: insurance

Legislation in Nevada could establish a FAIR Plan association to provide property insurance in areas where traditional coverage is unavailable.

Sierra Financial Holdings, LLC has received regulatory approval to acquire Preferred Security Life Insurance Company, expanding its financial services offerings.

Transamerica streamlines agent licensing and appointment data through a new integration with AgentSync, promising faster policy processing and improved service efficiency.

Hunkins and Eaton Insurance Agency, a long-standing fixture in Littleton, New Hampshire, has been sold to George M. Stevens and Son Co. Insurance.

Penn Mutual promotes Rick Klenk to CFO, effective March 17, 2025.

As market conditions change, insurance stocks have become a focus for investors, with several companies joining the IBD Breakout Stocks Index.

Ping An Insurance Group’s net profit rose 47.8% in 2024, fueled by the growth of its life and health insurance business.

A consortium of insurers and asset managers, led by Allianz SE, has agreed to acquire Viridium, a leading European life insurance consolidator. The deal is valued at approximately EUR 3.5 billion.

Cinven has agreed to sell Viridium Group, a leading life insurance consolidator, to a consortium including Allianz, BlackRock, and other major financial entities. The deal reflects Cinven’s success in building Viridium into a prominent player in the European life insurance market.

As climate change intensifies, the frequency and severity of natural disasters are increasing, leading to soaring insurance costs and leaving some areas virtually uninsurable.