Enjoy complimentary access to top ideas and insights — selected by our editors. Truist’s agreement to offload the rest of its insurance business comes just weeks after it announced a $70-million deal to sell an asset-management subsidiary. Both moves are part of the bank’s strategy to become leaner and more efficient.Scott McIntyre/Bloomberg Truist Financial is … Read more
Enjoy complimentary access to top ideas and insights — selected by our editors. Truist is selling Sterling Capital Management, which had $76 billion of assets under management at the end of December. The buyer, Guardian Capital Group, said that Sterling Capital will operate as a standalone entity and continue to be led by its current … Read more
North Dakota has been named one of the best states to start a business by Forbes Advisor for the second year in a row. The publication selected the state based on its business environment, low formation fees, business survival rate and lower cost of living, looking at a business’s ability to succeed, costs, workforce and … Read more
How highly would you rate your cyber insurance partners? | Insurance Business America Cyber How highly would you rate your cyber insurance partners? Insurance Business America opens its fourth annual 5-Star Cyber survey Cyber By Insurance Business With the internet’s rapid evolution, cyber coverage has become an even more essential part of a broker’s offering … Read more
As of Monday, Prisma Health is now out-of-network for patients with United Healthcare Insurance. (Video above is previous coverage on this story: Prisma United Healthcare patient told to pay out of pocket weeks before appointment)WYFF News 4 reached out to Prisma and United Healthcare on Monday, which was the deadline for the two companies to … Read more
December 4, 2023 Two Iowa-based insurtech conveners create a network of entrepreneurial support Iowa’s insurance industry is synonymous with innovation and collaboration – guiding principles shared by two global insurance accelerators operating in the state. Started in 2014 as the first-of-its-kind in the world, the Global Insurance Accelerator (GIA) has provided insurtech startups with the … Read more
MINNEAPOLIS, Nov. 28, 2023 /PRNewswire/ — As 2023 is coming to a close, bookings for 2024 travel are on the rise. Yonder Travel Insurance has analyzed current 2024 travel insurance policy data, unveiling insightful travel trends for the upcoming year. Yonder customers are opting for warm destinations in 2024. Here are the top five travel destinations they … Read more
New Zealand’s general insurance industry is likely to see increased government involvement as more and more households struggle with premium affordability, AM Best says in a report on the country’s non-life sector. Premium rates have already risen substantially as insurers respond to rising reinsurance costs after recent major catastrophes including the Auckland floods in January … Read more
Updated Nov. 14, 2023 6:21 pm ET Inflation’s broad slowdown extended through October, likely ending the Federal Reserve’s historic interest-rate increases and sparking big rallies on Wall Street. Consumer prices overall were flat last month and rose 3.2% from a year earlier, a slower pace than in September, the Labor Department said Tuesday. Overall inflation … Read more
Sun Life Financial Inc. (“SLF Inc.”), its subsidiaries and, where applicable, its joint ventures and associates are collectively referred to as “the Company”, “Sun Life”, “we”, “our”, and “us”. We manage our operations and report our financial results in five business segments: Canada, United States (“U.S.”), Asset Management, Asia, and Corporate. The information in this … Read more