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Boss of takeover target Direct Line wants time to turn around insurer

The Guardian: Mergers & Acquisitions

The two companies – the UK’s biggest insurer, Aviva, and the Churchill owner, Direct Line, known for motor cover and its red phone on wheels mascot – are facing off in a takeover tussle that has sent the Direct Line share price soaring , amid speculation that Aviva could raise its offer or launch a hostile bid, or face a counterbid.

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This under-the-radar insurance stock just triggered a rare buy signal

CNBC: Investing

Shares of this property and casualty insurer could be ready to resume their bullish trend.

Insurance 125
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Ajit Jain, Buffett's insurance leader for nearly 40 years, dumps more than half of Berkshire stake

CNBC: Investing

The 73-year-old vice chairman of insurance operations sold 200 Berkshire Class A shares on Monday for roughly $139 million.

Insurance 111
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Best insurance cover for startups

Growth Business

By Anna Jordan on Growth Business - Your gateway to entrepreneurial success In the early days of startups, it may seem like insurance cover is optional – but in some cases, it really isn’t. In the meantime, here is the best insurance cover for startups and why you need it. Does my startup need business insurance and why?

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Lloyd’s of London insurer Hiscox profit spikes on premium rise

Global Banking & Finance

Lloyd’s of London insurer Hiscox profit spikes on premium rise By Carolyn Cohn LONDON (Reuters) -Lloyd’s of London insurer Hiscox posted a sharp rise in pretax profit on rising premium rates, but its shares fell on Wednesday as analysts focused on a disappointing retail outlook.

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Warren Buffett’s Berkshire Hathaway reveals insurer Chubb as confidential stock it’s been buying

CNBC: Investing

His conglomerate Berkshire Hathaway has acquired nearly 26 million shares of Chubb for a stake worth $6.7

Insurance 145
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KKR to invest more than $1bn in USI Insurance Services

PE Hub

According to terms of the deal, KKR and USI will purchase shares of USI held by CDPQ and certain other investors. The post KKR to invest more than $1bn in USI Insurance Services appeared first on PE Hub.