CVC Capital Partners is nearing a deal to acquire National Bank of Greece SA’s insurance business after a years-long search for a buyer, people familiar with the matter said. The private equity firm could announce an agreement as soon as …
Minnesota lawmakers have advanced a proposal that would allow recreational marijuana use for adults and automatically expunge minor convictions related to cannabis, inching the state closer toward legalization. The legislation, authored by Democratic House Majority Leader Ryan Winkler, of Golden …
Two bills designed to deal with Florida’s crumbling property insurance market have embarked on divergent paths in the state legislature as lawmakers approach the final weeks of the 2021 session. Senate Bill 76 and House Bill 305, both originally supported …
Global broking network, Brokerslink, has further expanded its presence in the Balkan Peninsula with the addition of independent broker Advantis Insurance Broker, based in Bosnia and Herzegovina. Established in 2015, Advantis offers clients access to a wide range of product …
LONDON – There is a growing realization that Britain should not wait for unlikely European Union access for financial services but get on with building a more competitive City of London, a senior lawmaker said on Thursday. Britain left the …
There have been two notable funding rounds by insurtechs this week. Workers’ compensation provider Pie Insurance has raised $118 million in new funding, including financing from Allianz and others. Snapsheet, a claims management platform insurtech, raised $30 million in new …
A former postal employee has been sentenced to serve three years on probation for workers’ compensation fraud. Christine O’Neill, 61, of Johnson City, New York, was sentenced by Senior United States District Judge Thomas J. McAvoy for defrauding the U.S. …
Element Risk Management has acquired Henderson Insurance of Harrisburg, Pennsylvania, and Our Legacy Insurance of Front Royal, Virginia. Henderson Insurance, founded by Jim Henderson in 1978, has served the central Pennsylvania community for more than 40 years. The Henderson staff …
RSA has named appointments for chair and CFO of its UK and International business entities, following the completion of Intact Financial Corp.’s proposed takeover. Mark Hodges, former CEO of Aviva’s UK business and former CEO of British Gas, will take …
Insurance companies have spent $17 million to defeat proposals to weaken or abolish the for-profit bail industry in the United States, a system that brings insurers $15 billion in business a year, according to a Reuters analysis of campaign contributions, …