Insurance

Private equity firm Hg has agreed to invest $1bn in Hyperion Insurance Group, an insurance intermediary, whose enterprise value has now reached nearly $5bn with the investment. Hyperion is Hg’s sixth investment in the wider sector in the last five...

Tata AIA Life Insurance has announced a new facility that promises to process life insurance claim pay-outs within four hours of registering them. “Tata AIA Life’s Express Claims within four hours is the fastest claims pay-out by any life insurer...

Alfresco Software, an open source content, process and governance software company, and Tech Mahindra, a leading provider of digital transformation, consulting and re-engineering services and solutions, announced collaboration on four jointly-developed, transformative insurance solutions. The collaboration combines Tech Mahindra’s insurance...

American life insurance company Guardian Life has launched a new term life insurance policy, the Guardian Level Term Life Insurance, with a built-in charitable benefit rider. Guardian Life said that the term insurance product offers level pricing during the policy’s...

Aviva said that its life new business sales had risen 28% to £12.3bn for the first quarter of 2020, compared to £9.6bn for the first quarter of last year. Aviva’s value of new business had also grown by 18% to...

IMA Financial Group, a national insurance brokerage firm specializing in property and casualty insurance, employee benefits and surety bonds, has completed its acquisition of ESS NexTier Insurance Group, a similarly structured practice with four offices throughout Pennsylvania. The acquisition expands...

Lloyd’s insurer Hiscox has successfully raised capital of approximately £375 million (US$465 million) as a result of an equity placement of new ordinary shares. The company announced the equity placing on May 5, which was successfully completed on May 6. The...