Investment returns
Simply Business sold by Anacap to ERS-owner Aquiline
Private equity firm Anacap has sold SME broker Simply Business to Aquiline Capital Partners, generating a return of 4.5-times its original investment in 2013.
Ongoing losses forecast for Co-op Insurance as transformation continues
Co-operative Insurance expects 2016 to be another loss-making year due to continuing investment in its transformation programme, as the business this week reported a £66.1m statutory loss.
Speedy payments and 3D printing among initiatives in industry's push to digitise claims
A swathe of initiatives to digitise the claims process are being rolled out by insurance sector companies including harnessing 3D-printing technology and initiatives that result in settlements being paid to customers in minutes rather than days.
Highbridge investment returns Broker Network to its 'roots' claims boss Fairchild
Highbridge's majority stake acquisition of Broker Network brings it "back to its roots" as an independent network for independent insurance brokers, according to CEO Andy Fairchild.
Divestments expected from AIG in strategic statement
AIG CEO Peter Hancock is expected to outline his strategy for the company including support for divesting non-core parts of the business in a live webcast tomorrow (26 January), reports claim.
Aviva Ventures backs UK parking app
Aviva's innovation fund, Aviva Ventures, has invested $1.5m (£1m) in an app that helps UK drivers find parking spaces.
C-Suite - Insurer: A climate of hope
Following the floods, the COP21 agreement offers a glimmer of optimism over climate change
Cobalt gets backing of Bermuda insurance group
Shariah compliant insurance provider Cobalt Insurance Holdings has received an investment boost from Bermuda-based Armour Group Holdings.
China's insurers establish government investment fund
China's insurers and reinsurers have established the China Insurance Investment fund in Shanghai's free trade zone.