Climate Activists to Pressure U.S. Insurers Underwriting Fossil Fuel Industry

Article 1 Comments Expect calls for the insurance industry to stop investing in or insuring the fossil fuel industry and fossil fuel projects to grow louder in California and throughout the U.S. A new petition by several climate change and consumer activist groups will be calling for new California Insurance […]

Aquiline to Acquire Relation Insurance Services in California

Article 0 Comments Aquiline Capital Partners LLC, a private equity firm investing in financial services and technology, has entered into a definitive agreement to acquire Walnut Creek, Calif.-based Relation Insurance Services from private equity firms Parthenon Capital and Century Equity Partners. Terms of the deal were not disclosed. The transaction […]

Once Known as the ‘Bond King,’ Gross Retires After 40-Year Career

Article 0 Comments Bill Gross, who transformed bond investing over a storied four-decade career, is leaving the stage after a tough final chapter. Gross, who announced his retirement Monday, struggled in the last four years as head of the Janus Henderson Global Unconstrained Bond Fund. His performance failed to match […]

How Big Tech Flirted with Insurance in 2018

Article 0 Comments The almost weekly headlines about insurers and venture capitalists investing in insurtechs and tech-savvy insurance startups sometimes blocked the view of what established big technology firms were doing in insurance. During 2018, giant technology firms Google and Amazon showed renewed interest in insurance and generated speculation about […]

Munich Re to Stop Investing in Coal-Related Business, Insuring New Coal-Fired Plants

Article 1 Comments Munich Re, the world’s biggest reinsurer, will stop investing in bonds and shares of companies that generate more than 30 percent of their sales with coal-related business, its chief executive said, caving to pressure from investors. “In the individual risk business, where we can see the risks […]

Illinois Spending $240M on Transportation, Safety Upgrades

Article 0 Comments Illinois officials are investing $240 million in two dozen projects designed to improve freight mobility throughout the state and relieve congestion. The Illinois Department of Transportation grants should also increase safety, draw private investment and improve connections between freight transport methods and commerce, the agency said. Gov. […]