Insurance Industry News
A collection of Insurance latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Guardian Life Insurance Review 2026: Coverage, Cost & Insights
Guardian Life stands out for its financial strength and customer satisfaction. Policy fees are very high compared to competitors and the reliability of policy illustrations is weak. Term life insurance rates are usually around average but high for…
Mapfre to Buy Safety Insurance for About $1.54B
Spain-based insurance company Mapfre agreed to buy property and casualty insurer Safety Insurance Group for about $1.54 billion. The $105-a-share deal provides a 44% premium to Safety Insurance's Thursday closing price of $72.94. The stock was…
Shifting priorities: how affluent buyers fuel Hong Kong's record insurance sales
Life insurance sales in Hong Kong rose 51 per cent in the first quarter to another record high, driven by affluent customers from mainland China and overseas buying policies for wealth transfer, protection and medical needs. The industry wrote…
Mapfre to Buy Safety Insurance for About $1.54B -- Update
The $105-a-share deal provides a 44% premium to Safety Insurance's Thursday closing price of $72.94. The stock was recently up 38% to $100.99 after hours. The deal is expected to close during the first quarter of 2027, subject to customary closing…
HSBC sells Singapore insurance firm in £1.6 billion deal
HSBC has agreed to sell its Singapore life and insurance business to Allianz for 2.7 billion Singapore dollars (£1.6 billion), a move that forms part of an ongoing strategic overhaul led by chief executive Georges Elhedery. Crucially, the…
HSBC agrees to US$2 billion deal to sell Singapore insurance branch to Allianz
HSBC has agreed to sell its Singapore life and health insurance business to Germany's Allianz for S$2.7 billion (US$2.08 billion), with the deal expected to be completed in the first half of 2027, HSBC Group announced on Friday morning before the…
HSBC sells Singapore insurance unit to Germany's Allianz in S$2.7 billion deal
HSBC (0005) has agreed to sell its Singapore life and health insurance business to Germany's Allianz in a deal valuing the unit at S$2.7 billion (HK$16.38 billion), the companies said on Friday. SCROLL TO CONTINUE WITH CONTENT The disposal is…
Allianz to buy HSBC's Singapore insurance unit for $2.09 billion
Cristina Arias | Cover | Getty Images Allianz Group said on Friday it has agreed to acquire HSBC's Singapore life insurance unit for 2.7 billion Singapore dollars ($2.09 billion), expanding the company's footprint in Asia's life and health…
Insurance startup Corgi reportedly raised more money at $4B - its third round in 8 weeks
Insurance tech, data room software, and coffee-shop startup Corgi is reportedly raising yet another round that closely follows its last raise and would double its valuation, sources have told Forbes. The round is said to be a second extension of…
HSBC to Sell Singapore Insurance Business to Allianz for $2.1 Billion
Holdings has agreed to sell its Singapore life and health insurance business to for $2.1 billion, as the U.K.-based lender reshapes its portfolio to focus on core markets and businesses. The sale is expected to generate a pretax gain of about $1.8…
Car insurance is highest in these 5 states - but drivers are about to get a win
There are five states where car insurance premiums will cost drivers a median of $2,676 a year or more, a new study has found. Louisiana is home to the highest annual median rate in the nation at $3,342, according to an analysis published Monday by…
Selective Insurance: Q2 Earnings Snapshot
BRANCHVILLE, N.J. (AP) — BRANCHVILLE, N.J. (AP) — Selective Insurance Group Inc. (SIGI) on Thursday reported second-quarter profit of $129.4 million. The Branchville, New Jersey-based company said it had net income of $2.11 per share.
Universal Insurance: Q2 Earnings Snapshot
FORT LAUDERDALE, Fla. (AP) — FORT LAUDERDALE, Fla. (AP) — Universal Insurance Holdings Inc. (UVE) on Thursday reported earnings of $59.2 million in its second quarter. The Fort Lauderdale, Florida-based company said it had profit of…
Hartford Insurance's Q2 earnings beat consensus, new stock buybacks announced (HIG:NYSE)
Hartford Insurance Group (HIG) was trading lower even as the insurer announced second-quarter earnings that exceeded consensus estimates and a new $4.2B share repurchase program. Shares were 1.59% lower at $139.93 during post-market trading on…
Pennsylvania ACA health insurers propose 2027 double-digit premium rate increases
From Philly and the Pa. suburbs to South Jersey and Delaware, what would you like WHYY News to cover? Let us know! Nearly all health insurance companies that sell individual plans on Pennie, Pennsylvania's Affordable Care Act marketplace, are…
Receive a Daily briefing on Insurance Industry News
Get Started