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insurance business america | April 02, 2020
As the COVID-19 outbreak forces more businesses to convert to a work-from-home model, many organizations find themselves in increased danger from hackers and cyber scammers. Grant Hester, a 25-year technology veteran and president of insurance IT firm Linchpin-IT, said that companies need to exercise extra caution to avoid cyber threats during the outbreak. “It is important during these times to stay vigilant of potential threats to personal data and business networks,” Hester said. ...
AXA XL | July 07, 2020
Bluefire Insurance, a Texas-based managing general agency, and Bermuda-based AXA XL Reinsurance, have announced the completion of an alternative capital reinsurance transaction in which Bluefire will assume risk from its personal auto portfolio through a collateralized reinsurance agreement with AXA XL. AXA XL and Bluefire have been partnering since 2014. The partnership was strengthened last year when Buefire consolidated its carrier assortment and moved its reinsurance buying to a portf...
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...
BB&T Insurance Holdings, Inc | June 30, 2020
BB&T Insurance Holdings, Inc., a subsidiary of Truist Bank, is officially now doing business as Truist Insurance Holdings, Inc. With $30 billion in premium in 2019, Truist Insurance Holdings is the fifth-largest insurance broker in the U.S. and sixth-largest in the world, according to a statement from the company. The company, headquartered at the Truist Center in Charlotte, N.C., employs more than 7,500 teammates in more than 250 locations nationwide....
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