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RISK MANAGEMENT

Osborn Insurance Group | February 04, 2022

Integrity Marketing Group, LLC ("Integrity"), an omnichannel insurtech leader in life, health and wealth solutions, announced it has acquired Osborn Insurance Group, an independent marketing organization ("IMO") based in Springfield, Missouri. As part of the acquisition, John Osborn, President of Osborn Insurance Group, will become a Managing Partner in Integrity. Financial terms of the transaction were not disclosed. "Osborn Insurance Group ...

AIG | February 26, 2020

American International Group (AIG) has entered into an accelerated share repurchase (ASR) agreement with Citibank to repurchase $500 million in AIG common stock. The agreement is part of AIG’s $2 billion share repurchase authorization announced in February 2019. “We remain committed to delivering long-term, sustainable value to all of our stakeholders,” said Brian Duperreault, CEO of AIG. “While AIG 200, investing in our business and reducing leverage are key components o...

Insurance Business Magazine | March 13, 2020

With the coronavirus outbreak declared a global pandemic by the World Health Organization, travel insurance coverage for coronavirus is limited, according to comparison site Squaremouth. As of Wednesday, three travel insurance providers on Squaremouth were still offering policies that may include cancellation coverage for travelers who contract the virus, or are quarantined, and unable to travel as planned, the company said. Those policies may also include interruption benefits for travelers who...

Nationwide | February 26, 2020

Nationwide Mutual Insurance Company (Nationwide) has agreed a major joint venture with global insurer Generali. The two insurance giants have today announced the creation of N2G Worldwide Insurance Services, LLC (N2G), to offer seamless multinational commercial insurance solutions. N2G will use the combined resources of both insurers to meet the needs of multinational organizations with US operations as well as US-based firms with complex multinational insurance needs. Nationwide will take on th...