Glenn Renwick, the former President, CEO and Chairman of the Board of the Progressive Corporation, has died at age 69 following a car accident in Florida. Renwick was born in Dunedin, New Zealand. He ...

For private businesses, Bloomberg applies comparisons with similar publicly listed companies using enterprise value-to-Ebitda or price-to-earnings ratios. If net debt is unknown, the valuation assumes ...

The top ten richest Australians collectively hold a staggering $202 bn, underscoring the nation’s robust economic sectors. Gina Rinehart ($38.11 bn) retains her position as Australia’s richest ...

Chinese insurtech XChange TEC INC to appeal a Nasdaq delisting notice after failing to maintain the required $35 mn minimum market value of listed securities. The company filed the appeal. This move ...

Swiss Re reported strong first-quarter results in both its property & casualty and life & health reinsurance businesses, despite a slight drop in revenue and continued caution in U.S. casualty lines.

Insurance Australia Group (IAG) reached an agreement with the Royal Automobile Club of Western Australia (RAC) to acquire RAC’s insurance business in a deal valued at A$1.35 bn ($870 mn). The ...

KatRisk, a provider of catastrophe risk modeling software for the insurance and financial sectors, has acquired Gamma, a company based in Dublin specializing in location intelligence and ...

Aspen Insurance Holdings plans to add 2.6 mn ordinary shares to its initial public offering at a price of $30 per share, totaling $77.6 mn. This update covers only the additional shares, including 337 ...

The U.S. Supreme Court will review whether plaintiffs in a case against State Farm Automobile Insurance Co. must demonstrate actual financial harm rather than relying solely on an insurance code ...

The insurance industry, long perceived as traditional and often bogged down by complex paperwork and delayed claims, is on the cusp of a transformative revolution. This change is being driven by ...

Cloud data security insurtech Sentra secured $50 mn in Series B funding, increasing its total capital raised to over $100 mn. Key1 Capital led the round, joined by previous investors Bessemer Venture ...

UK-based insurtech Marshmallow has raised £68 mn through a mix of debt and equity financing, bringing its valuation to £1.5 bn. Portage Capital Solutions participated in the round, along with funds ...